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

Jones Financial Companies Lllp grew its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 23.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,892 shares of the basic materials company’s stock after acquiring 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 quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC increased its stake in Pan American Silver by 1,834.8% during the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after purchasing an additional 1,275,475 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Pan American Silver by 30.1% during the 3rd quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock worth $23,857,000 after acquiring an additional 264,772 shares in the last quarter. Oxbow Advisors LLC bought a new position in shares of Pan American Silver during the 4th quarter worth approximately $3,279,000. Triasima Portfolio Management inc. bought a new position in shares of Pan American Silver during the 4th quarter worth approximately $2,911,000. Finally, Alberta Investment Management Corp grew its stake in shares of Pan American Silver by 14.4% during the 4th quarter. Alberta Investment Management Corp now owns 1,108,186 shares of the basic materials company’s stock worth $22,407,000 after acquiring an additional 139,661 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Trading Up 3.5 %

Shares of Pan American Silver stock opened at $26.70 on Tuesday. The business has a fifty day simple moving average of $23.58 and a two-hundred day simple moving average of $22.44. 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 capitalization of $9.67 billion, a price-to-earnings ratio of 83.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96.

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

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio is currently 125.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PAAS. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. TD Securities cut shares of Pan American Silver from a “buy” rating to a “hold” rating and decreased their price target for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Royal Bank of Canada raised 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 note on Tuesday, February 11th. Finally, Scotiabank increased their price objective on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.92.

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.