Royal Fund Management LLC Acquires Shares of 103,020 Pan American Silver Corp. (NYSE:PAAS)

Royal Fund Management LLC acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 103,020 shares of the basic materials company’s stock, valued at approximately $2,150,000.

A number of other hedge funds have also modified their holdings of the business. Schroder Investment Management Group boosted its stake in shares of Pan American Silver by 11.5% during the fourth quarter. Schroder Investment Management Group now owns 1,658,985 shares of the basic materials company’s stock worth $27,091,000 after buying an additional 171,500 shares during the period. Nebula Research & Development LLC purchased a new stake in shares of Pan American Silver in the fourth quarter valued at about $675,000. Goehring & Rozencwajg Associates LLC boosted its holdings in Pan American Silver by 3.5% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 205,191 shares of the basic materials company’s stock valued at $3,351,000 after purchasing an additional 6,965 shares in the last quarter. GeoSphere Capital Management LLC lifted its holdings in shares of Pan American Silver by 3.9% in the 4th quarter. GeoSphere Capital Management LLC now owns 400,000 shares of the basic materials company’s stock valued at $6,532,000 after buying an additional 15,000 shares during the period. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Pan American Silver in the 4th quarter valued at approximately $295,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on PAAS shares. Scotiabank increased their price objective on Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 16th. Jefferies Financial Group raised their price objective on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. CIBC lifted their price target on Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada increased their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.93.

Pan American Silver Trading Down 1.3 %

Shares of PAAS traded down $0.27 during trading hours on Wednesday, hitting $20.91. The stock had a trading volume of 101,689 shares, compared to its average volume of 4,077,536. The company’s fifty day simple moving average is $20.62 and its 200 day simple moving average is $20.24. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $24.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06. The firm has a market cap of $7.59 billion, a P/E ratio of -46.04 and a beta of 1.35.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). The firm had revenue of $686.30 million during the quarter, compared to analyst estimates of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 earnings per share. Equities research analysts forecast that Pan American Silver Corp. will post 0.62 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Monday, August 19th. Pan American Silver’s dividend payout ratio (DPR) is presently -86.96%.

Pan American Silver Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.