Lesa Sroufe & Co Buys New Shares in Pan American Silver Corp. (NYSE:PAAS)

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

Other hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Pan American Silver during the 4th quarter worth approximately $32,000. Farther Finance Advisors LLC lifted its position 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 buying an additional 1,209 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Pan American Silver during the fourth quarter worth $43,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Pan American Silver in the 4th quarter valued at $53,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Pan American Silver by 23.4% in the 4th 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 during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Down 1.2%

Shares of PAAS traded down $0.35 during trading on Friday, reaching $28.62. 9,357,677 shares of the company traded hands, compared to its average volume of 3,951,540. The stock has a 50-day simple moving average of $25.89 and a 200-day simple moving average of $24.20. The stock has a market cap of $10.36 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 0.54 and a beta of 0.63. Pan American Silver Corp. has a twelve month low of $17.86 and a twelve month high of $29.66. 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 posted 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 firm had revenue of $773.20 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. On average, analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's payout ratio is currently 45.98%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. 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. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. CIBC increased their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research note on Thursday, May 8th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently 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.