33,146 Shares in Pan American Silver Corp. (NYSE:PAAS) Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the third quarter, according to its most recent filing with the SEC. The fund bought 33,146 shares of the basic materials company's stock, valued at approximately $692,000.

A number of other large investors have also added to or reduced their stakes in PAAS. Vanguard Group Inc. boosted its holdings in Pan American Silver by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company's stock worth $199,440,000 after buying an additional 159,908 shares during the period. Advisors Asset Management Inc. grew its position in shares of Pan American Silver by 8.6% in the first quarter. Advisors Asset Management Inc. now owns 23,955 shares of the basic materials company's stock valued at $361,000 after purchasing an additional 1,904 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Pan American Silver by 121.6% during the 1st quarter. Janus Henderson Group PLC now owns 45,279 shares of the basic materials company's stock worth $682,000 after purchasing an additional 24,847 shares in the last quarter. Bluefin Capital Management LLC bought a new position in Pan American Silver in the 1st quarter worth about $302,000. Finally, Virtu Financial LLC purchased a new position in Pan American Silver during the 1st quarter valued at about $479,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

NYSE PAAS remained flat at $21.72 on Wednesday. 4,120,880 shares of the company's stock were exchanged, compared to its average volume of 4,069,957. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $26.05. The firm has a market cap of $7.88 billion, a PE ratio of -127.93 and a beta of 1.33. The stock has a 50 day moving average price of $22.50 and a 200-day moving average price of $21.47. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.10 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.84%. Pan American Silver's dividend payout ratio is currently -235.28%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. StockNews.com upgraded Pan American Silver from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Jefferies Financial Group raised their price target on Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a report on Friday, October 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.42.

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.