Lesa Sroufe & Co Decreases Holdings in Pan American Silver Corp. $PAAS

Lesa Sroufe & Co reduced its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 27.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 143,075 shares of the basic materials company’s stock after selling 53,315 shares during the quarter. Pan American Silver accounts for approximately 5.5% of Lesa Sroufe & Co’s holdings, making the stock its 4th largest position. Lesa Sroufe & Co’s holdings in Pan American Silver were worth $7,413,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PAAS. Van ECK Associates Corp raised its holdings in Pan American Silver by 51.8% in the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after purchasing an additional 15,405,762 shares during the period. First Eagle Investment Management LLC bought a new position in Pan American Silver in the 3rd quarter worth $178,004,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Pan American Silver by 38.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after purchasing an additional 4,037,311 shares during the period. Vanguard Group Inc. raised its holdings in Pan American Silver by 21.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after purchasing an additional 3,006,055 shares during the period. Finally, North of South Capital LLP raised its holdings in Pan American Silver by 444.2% in the 3rd quarter. North of South Capital LLP now owns 3,000,056 shares of the basic materials company’s stock worth $116,192,000 after purchasing an additional 2,448,778 shares during the period. 55.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PAAS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Scotiabank raised their target price on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Jefferies Financial Group cut their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.60.

Pan American Silver Trading Up 2.0%

Shares of PAAS stock opened at $57.32 on Thursday. Pan American Silver Corp. has a 52-week low of $22.08 and a 52-week high of $69.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69. The firm has a market capitalization of $24.18 billion, a PE ratio of 22.93, a PEG ratio of 0.45 and a beta of 0.75. The stock has a fifty day simple moving average of $57.49 and a two-hundred day simple moving average of $49.35.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The business’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were given a dividend of $0.18 per share. The ex-dividend date was Monday, March 2nd. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. Pan American Silver’s dividend payout ratio (DPR) is 28.80%.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.