Jones Financial Companies Lllp Purchases 549 Shares of Pan American Silver Corp. (NYSE:PAAS)

Jones Financial Companies Lllp lifted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 23.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,892 shares of the basic materials company’s stock after purchasing an additional 549 shares during the quarter. Jones Financial Companies Lllp’s holdings in Pan American Silver were worth $58,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Pan American Silver in the 4th quarter worth about $53,000. US Bancorp DE lifted its position in Pan American Silver by 9.6% during the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock worth $124,000 after buying an additional 539 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Pan American Silver during the 4th quarter worth about $734,000. Olympiad Research LP acquired a new position in Pan American Silver during the 4th quarter worth about $290,000. Finally, Oxbow Advisors LLC acquired a new position in Pan American Silver during the 4th quarter worth about $3,279,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Pan American Silver stock opened at $26.70 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. Pan American Silver Corp. has a 1 year low of $13.52 and a 1 year high of $26.72. The company has a market cap of $9.67 billion, a PE ratio of 83.42 and a beta of 1.25. The company’s 50-day moving average is $23.58 and its two-hundred day moving average is $22.44.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. Equities analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PAAS. Royal Bank of Canada upped their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Scotiabank upped their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Tuesday, February 25th. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Finally, TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and reduced their price target for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $27.92.

About Pan American Silver

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.