Pan American Silver Corp. $PAAS Shares Bought by Lesa Sroufe & Co

Lesa Sroufe & Co boosted its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,761 shares of the basic materials company’s stock after acquiring an additional 3,572 shares during the period. Pan American Silver accounts for 5.1% of Lesa Sroufe & Co’s investment portfolio, making the stock its 3rd largest holding. Lesa Sroufe & Co owned about 0.05% of Pan American Silver worth $5,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Pan American Silver by 1.0% in the first quarter. Vanguard Group Inc. now owns 14,146,213 shares of the basic materials company’s stock valued at $365,397,000 after acquiring an additional 138,028 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Pan American Silver by 11.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company’s stock valued at $233,225,000 after acquiring an additional 959,859 shares during the last quarter. Invesco Ltd. boosted its holdings in Pan American Silver by 2.1% in the first quarter. Invesco Ltd. now owns 6,029,828 shares of the basic materials company’s stock valued at $155,750,000 after acquiring an additional 121,764 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Pan American Silver by 319.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,451,864 shares of the basic materials company’s stock valued at $115,009,000 after acquiring an additional 3,389,549 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Pan American Silver by 21.2% in the first quarter. Ameriprise Financial Inc. now owns 3,811,684 shares of the basic materials company’s stock valued at $98,510,000 after acquiring an additional 665,502 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PAAS has been the topic of several analyst reports. CIBC upped their target price on Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Scotiabank cut their price target on Pan American Silver from $36.50 to $36.00 and set an “outperform” rating on the stock in a report on Friday, September 5th. National Bankshares restated an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday. Finally, Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

Pan American Silver Trading Up 3.8%

NYSE PAAS opened at $41.03 on Thursday. The firm has a market capitalization of $17.32 billion, a P/E ratio of 28.30, a PEG ratio of 0.63 and a beta of 0.63. The business has a fifty day simple moving average of $35.54 and a 200 day simple moving average of $29.74. Pan American Silver Corp. has a 12 month low of $19.80 and a 12 month high of $41.50. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The business had revenue of $811.90 million during the quarter, compared to analyst estimates of $782.12 million. During the same period in the prior year, the firm posted $0.11 EPS. Pan American Silver’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.10. Pan American Silver’s payout ratio is 33.10%.

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.