169,905 Shares in Pan American Silver Corp. $PAAS Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 169,905 shares of the basic materials company’s stock, valued at approximately $9,282,000.

Several other hedge funds and other institutional investors have also bought and sold shares of PAAS. Norges Bank purchased a new position in shares of Pan American Silver in the 4th quarter valued at $303,611,000. FIL Ltd boosted its position in Pan American Silver by 154.7% during the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock valued at $378,872,000 after purchasing an additional 4,438,478 shares in the last quarter. Capital International Investors purchased a new position in Pan American Silver in the fourth quarter valued at about $215,484,000. Bank of America Corp DE grew its stake in Pan American Silver by 148.3% in the second quarter. Bank of America Corp DE now owns 3,368,233 shares of the basic materials company’s stock valued at $95,658,000 after purchasing an additional 2,011,862 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Pan American Silver in the first quarter worth about $71,141,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $44.03 on Friday. The company has a 50 day moving average price of $48.07 and a 200 day moving average price of $54.17. The firm has a market capitalization of $18.36 billion, a P/E ratio of 14.16, a PEG ratio of 3.91 and a beta of 0.72. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 52 week low of $26.76 and a 52 week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. Pan American Silver’s revenue was up 49.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. Sell-side analysts expect that Pan American Silver Corp. will post 4.02 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.6%. Pan American Silver’s payout ratio is 23.15%.

Analyst Upgrades and Downgrades

PAAS has been the topic of a number of recent analyst reports. Zacks Research cut shares of Pan American Silver from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. Bank of America cut their price target on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Scotiabank reiterated an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 14th. Finally, TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $72.00 in a research report on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.43.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.