MQS Management LLC Purchases Shares of 16,751 Pan American Silver Corp. (NYSE:PAAS)

MQS Management LLC purchased a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 16,751 shares of the basic materials company's stock, valued at approximately $433,000.

Several other hedge funds have also added to or reduced their stakes in PAAS. Farther Finance Advisors LLC grew its position in shares of Pan American Silver by 164.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 1,209 shares during the period. Jones Financial Companies Lllp grew its position 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 valued at $58,000 after purchasing an additional 549 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Pan American Silver in the 4th quarter valued at approximately $118,000. Rossby Financial LCC acquired a new position in shares of Pan American Silver in the 1st quarter valued at approximately $151,000. Finally, US Bancorp DE grew its position in shares of Pan American Silver by 9.6% in the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after purchasing an additional 539 shares during the period. Institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

Shares of NYSE:PAAS traded down $0.49 during trading on Thursday, reaching $28.43. 3,891,932 shares of the company traded hands, compared to its average volume of 4,003,994. The company's 50 day moving average is $27.14 and its two-hundred day moving average is $25.19. The firm has a market capitalization of $10.29 billion, a PE ratio of 32.68, a PEG ratio of 0.45 and a beta of 0.67. 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 Corp. has a 52 week low of $17.86 and a 52 week high of $31.03.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The company had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. During the same quarter in the previous year, the firm earned $0.01 EPS. Pan American Silver's revenue was up 28.6% on a year-over-year basis. As a group, sell-side analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were issued a $0.10 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. Pan American Silver's payout ratio is presently 45.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PAAS shares. Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. BMO Capital Markets initiated coverage on Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating for the company. TD Securities decreased 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. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Finally, CIBC reissued an "outperform" rating on shares of Pan American Silver in a report on Tuesday. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $31.40.

About Pan American Silver

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.