Qsemble Capital Management LP Takes $692,000 Position in Pan American Silver Corp. (NYSE:PAAS)

Qsemble Capital Management LP acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 33,146 shares of the basic materials company’s stock, valued at approximately $692,000.

Other hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd grew its stake in shares of Pan American Silver by 383.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 58,274 shares of the basic materials company’s stock worth $1,216,000 after acquiring an additional 46,224 shares during the period. Integrated Investment Consultants LLC bought a new stake in Pan American Silver in the 3rd quarter worth approximately $838,000. Foundry Partners LLC raised its stake in Pan American Silver by 22.7% during the 3rd quarter. Foundry Partners LLC now owns 320,069 shares of the basic materials company’s stock valued at $6,680,000 after buying an additional 59,304 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Pan American Silver by 3.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock valued at $558,000 after buying an additional 951 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Pan American Silver by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,097,619 shares of the basic materials company’s stock worth $22,955,000 after buying an additional 3,400 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

PAAS has been the topic of a number of recent research reports. StockNews.com raised Pan American Silver from a “hold” rating to a “buy” rating in a report on Monday. Royal Bank of Canada boosted their target price 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. Finally, Jefferies Financial Group increased their price target on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver Trading Up 0.1 %

Shares of NYSE:PAAS opened at $21.72 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The firm has a fifty day moving average price of $22.48 and a 200 day moving average price of $21.46. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $26.05.

Pan American Silver Announces Dividend

The company also recently announced 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 (DPR) is -235.28%.

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.