Lesa Sroufe & Co Boosts Holdings in Pan American Silver Corp. (NYSE:PAAS)

Lesa Sroufe & Co increased its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 23.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 209,772 shares of the basic materials company’s stock after buying an additional 40,334 shares during the period. Pan American Silver accounts for 3.5% of Lesa Sroufe & Co’s investment portfolio, making the stock its 5th biggest position. Lesa Sroufe & Co owned approximately 0.06% of Pan American Silver worth $3,426,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PAAS. Optiver Holding B.V. increased its position in shares of Pan American Silver by 90.8% during the third quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock valued at $25,000 after buying an additional 812 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Pan American Silver by 0.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 142,845 shares of the basic materials company’s stock worth $2,107,000 after purchasing an additional 857 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in Pan American Silver by 0.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 174,400 shares of the basic materials company’s stock valued at $2,861,000 after purchasing an additional 900 shares during the period. Stifel Financial Corp grew its position in shares of Pan American Silver by 0.7% during the 3rd quarter. Stifel Financial Corp now owns 146,442 shares of the basic materials company’s stock valued at $2,120,000 after purchasing an additional 1,064 shares in the last quarter. Finally, AE Wealth Management LLC increased its holdings in shares of Pan American Silver by 5.2% in the third quarter. AE Wealth Management LLC now owns 24,499 shares of the basic materials company’s stock worth $355,000 after purchasing an additional 1,204 shares during the period. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PAAS shares. CIBC reduced their target price on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Jefferies Financial Group upped their price objective on shares of Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday. TD Securities dropped their target price on shares of Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. BMO Capital Markets decreased their price target on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Finally, Scotiabank lifted their price objective on shares of Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Pan American Silver Stock Up 2.0 %

PAAS stock opened at $18.60 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $20.60. The company’s 50 day moving average price is $15.12 and its two-hundred day moving average price is $14.90.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The business had revenue of $669.60 million during the quarter, compared to analysts’ expectations of $657.65 million. During the same quarter in the previous year, the business earned ($0.02) EPS. Equities research analysts forecast that Pan American Silver Corp. will post 0.41 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, March 1st. Pan American Silver’s dividend payout ratio is presently -133.33%.

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.