Lesa Sroufe & Co Acquires Shares of 192,189 Pan American Silver Corp. (NYSE:PAAS)

Lesa Sroufe & Co acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 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.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Southland Equity Partners LLC acquired a new position in shares of Pan American Silver in the first quarter valued at approximately $300,000. Stock Yards Bank & Trust Co. acquired a new position in shares of Pan American Silver in the first quarter valued at approximately $232,000. SG Americas Securities LLC grew its position in shares of Pan American Silver by 187.6% in the first quarter. SG Americas Securities LLC now owns 376,448 shares of the basic materials company’s stock valued at $9,724,000 after purchasing an additional 245,575 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Pan American Silver by 39.8% in the first quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 775 shares during the last quarter. Finally, Veracity Capital LLC acquired a new position in shares of Pan American Silver in the first quarter valued at approximately $258,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $28.91 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $25.61 and a two-hundred day moving average price of $24.07. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $29.66. The company has a market cap of $10.47 billion, a P/E ratio of 90.35 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.23. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. During the same period in the previous year, the company posted $0.01 EPS. The firm’s revenue was up 28.6% compared to the same quarter last year. As a group, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, May 20th. Pan American Silver’s dividend payout ratio is currently 45.98%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PAAS shares. Scotiabank reissued a “sector perform” rating on shares of Pan American Silver in a research report on Monday, April 14th. CIBC increased their price target on Pan American Silver from $38.00 to $42.00 and gave the stock an “outperformer” rating in a research report on Thursday, May 8th. TD Securities reduced their price target on Pan American Silver from $30.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, May 22nd. Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 15th. Finally, National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock 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.