Lesa Sroufe & Co Takes $4.96 Million Position in Pan American Silver Corp. (NYSE:PAAS)

Lesa Sroufe & Co bought a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 192,189 shares of the basic materials company's stock, valued at approximately $4,964,000. Pan American Silver makes up about 5.0% of Lesa Sroufe & Co's holdings, making the stock its 2nd biggest holding. Lesa Sroufe & Co owned approximately 0.05% of Pan American Silver at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PAAS. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Pan American Silver in the fourth quarter worth $32,000. Farther Finance Advisors LLC increased its position in Pan American Silver by 164.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock worth $39,000 after purchasing an additional 1,209 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Pan American Silver in the fourth quarter worth $43,000. Kohmann Bosshard Financial Services LLC bought a new stake in Pan American Silver in the fourth quarter worth $53,000. Finally, Jones Financial Companies Lllp increased its position in Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after purchasing an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. CIBC boosted their price objective on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research report on Thursday, May 8th. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. BMO Capital Markets assumed coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating for the company. Finally, TD Securities lowered their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.60.

Pan American Silver Stock Down 1.1%

NYSE:PAAS traded down $0.33 during mid-day trading on Wednesday, reaching $29.02. The company's stock had a trading volume of 5,200,709 shares, compared to its average volume of 3,929,915. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $29.66. The stock has a fifty day moving average of $25.80 and a 200-day moving average of $24.14. The firm has a market capitalization of $10.51 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 0.54 and a beta of 0.63. The company has a quick ratio of 1.94, a current ratio of 2.93 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.23. The company had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The firm's revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. Equities research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's payout ratio is 45.98%.

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.