Southland Equity Partners LLC Makes New Investment in Pan American Silver Corp. (NYSE:PAAS)

Southland Equity Partners LLC acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,631 shares of the basic materials company's stock, valued at approximately $300,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Pan American Silver by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock valued at $283,385,000 after acquiring an additional 221,561 shares during the last quarter. FIL Ltd boosted its holdings in shares of Pan American Silver by 4.6% in the 4th quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock valued at $270,848,000 after acquiring an additional 584,017 shares during the last quarter. Norges Bank purchased a new stake in shares of Pan American Silver in the 4th quarter valued at $91,916,000. Ameriprise Financial Inc. boosted its holdings in shares of Pan American Silver by 18.3% in the 4th quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company's stock valued at $63,658,000 after acquiring an additional 486,622 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Pan American Silver by 32.2% in the 4th quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock valued at $40,776,000 after acquiring an additional 494,133 shares during the last quarter. Institutional investors own 55.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PAAS. Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. CIBC raised their price objective on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a research report on Thursday, May 8th. BMO Capital Markets initiated coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Finally, Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Pan American Silver has an average rating of "Moderate Buy" and an average price target of $30.60.

Pan American Silver Stock Performance

NYSE:PAAS traded up $0.06 during midday trading on Friday, reaching $29.02. The stock had a trading volume of 5,050,190 shares, compared to its average volume of 3,906,581. The firm has a fifty day simple moving average of $25.47 and a two-hundred day simple moving average of $23.99. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $29.66. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The stock has a market cap of $10.51 billion, a P/E ratio of 90.67 and a beta of 0.63.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. During the same period last year, the firm posted $0.01 EPS. Pan American Silver's quarterly revenue was up 28.6% on a year-over-year basis. On average, equities analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. Pan American Silver's dividend payout ratio (DPR) is 45.98%.

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.