Lesa Sroufe & Co Acquires Shares of 192,189 Pan American Silver Corp. (NYSE:PAAS)

Lesa Sroufe & Co acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the first quarter, according to its most recent filing with the SEC. The firm acquired 192,189 shares of the basic materials company’s stock, valued at approximately $4,964,000. Pan American Silver comprises approximately 5.0% of Lesa Sroufe & Co’s holdings, making the stock its 2nd largest holding. Lesa Sroufe & Co owned about 0.05% of Pan American Silver as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PAAS. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Pan American Silver in the 4th quarter worth $32,000. Farther Finance Advisors LLC lifted its holdings in Pan American Silver by 164.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 1,209 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Pan American Silver during the fourth quarter worth about $43,000. Kohmann Bosshard Financial Services LLC bought a new position in Pan American Silver during the fourth quarter worth about $53,000. Finally, Jones Financial Companies Lllp lifted its holdings in Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 549 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Price Performance

NYSE:PAAS opened at $28.91 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock’s 50-day simple moving average is $25.61 and its 200 day simple moving average is $24.07. The company has a market cap of $10.47 billion, a P/E ratio of 90.35 and a beta of 0.63. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $29.66.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.23. The business had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Pan American Silver’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. As a group, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Tuesday, May 20th. Pan American Silver’s dividend payout ratio is currently 45.98%.

Analyst Ratings Changes

PAAS has been the topic of several recent analyst reports. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Scotiabank reiterated a “sector perform” rating on shares of Pan American Silver in a report on Monday, April 14th. TD Securities reduced their target price on Pan American Silver from $30.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, May 22nd. BMO Capital Markets assumed coverage on Pan American Silver in a report on Wednesday, April 16th. They set a “market perform” rating on the stock. Finally, Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 15th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.60.

Pan American Silver Company 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.