Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Lesa Sroufe & Co

Lesa Sroufe & Co reduced its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,800 shares of the basic materials company’s stock after selling 972 shares during the quarter. Pan American Silver accounts for 2.9% of Lesa Sroufe & Co’s portfolio, making the stock its 10th largest position. Lesa Sroufe & Co’s holdings in Pan American Silver were worth $3,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp grew its holdings in shares of Pan American Silver by 1.4% during the first quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company’s stock worth $701,016,000 after purchasing an additional 653,064 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Pan American Silver by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,065,572 shares of the basic materials company’s stock worth $213,361,000 after purchasing an additional 176,979 shares during the last quarter. Norges Bank bought a new stake in shares of Pan American Silver during the fourth quarter worth $63,066,000. Ameriprise Financial Inc. grew its holdings in shares of Pan American Silver by 1.0% during the third quarter. Ameriprise Financial Inc. now owns 3,080,846 shares of the basic materials company’s stock worth $44,636,000 after purchasing an additional 31,618 shares during the last quarter. Finally, Sprott Inc. grew its holdings in shares of Pan American Silver by 3.7% during the fourth quarter. Sprott Inc. now owns 3,046,124 shares of the basic materials company’s stock worth $49,746,000 after purchasing an additional 107,965 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PAAS has been the topic of several recent research reports. Jefferies Financial Group raised their price target on Pan American Silver from $14.00 to $17.00 and gave the company a “hold” rating in a report on Monday, April 22nd. StockNews.com upgraded Pan American Silver from a “sell” rating to a “hold” rating in a report on Saturday, May 11th. CIBC raised their price target on Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a report on Wednesday. Scotiabank raised their price target on Pan American Silver from $20.00 to $23.00 and gave the company a “sector outperform” rating in a report on Thursday, May 23rd. Finally, BMO Capital Markets raised their price target on Pan American Silver from $22.00 to $24.00 in a report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.08.

Pan American Silver Trading Up 5.9 %

NYSE:PAAS traded up $1.33 during mid-day trading on Thursday, hitting $24.00. The company had a trading volume of 6,438,952 shares, compared to its average volume of 4,407,176. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $24.11. The business’s fifty day moving average is $20.68 and its two-hundred day moving average is $17.08. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.11. The firm has a market cap of $8.71 billion, a P/E ratio of -52.17 and a beta of 1.31.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.07. The firm had revenue of $601.40 million for the quarter, compared to analyst estimates of $592.58 million. Pan American Silver had a positive return on equity of 0.13% and a negative net margin of 6.68%. The company’s quarterly revenue was up 54.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, research analysts expect that Pan American Silver Corp. will post 0.52 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 21st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, May 20th. Pan American Silver’s dividend payout ratio is currently -86.96%.

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.