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

Southland Equity Partners LLC bought a new stake in 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 Securities and Exchange Commission (SEC). The firm bought 11,631 shares of the basic materials company's stock, valued at approximately $300,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Pan American Silver in the 4th quarter valued at approximately $32,000. Farther Finance Advisors LLC grew its position in Pan American Silver by 164.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after acquiring an additional 1,209 shares during the period. SBI Securities Co. Ltd. acquired a new position in Pan American Silver during the fourth quarter worth $43,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Pan American Silver during the fourth quarter valued at $53,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Pan American Silver by 23.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 549 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Trading Up 1.5%

Shares of NYSE PAAS traded up $0.43 during midday trading on Tuesday, hitting $29.37. The stock had a trading volume of 5,161,835 shares, compared to its average volume of 3,921,648. The firm has a market cap of $10.64 billion, a P/E ratio of 91.77 and a beta of 0.63. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $29.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company's 50-day simple moving average is $25.61 and its 200 day simple moving average is $24.07.

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

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is currently 45.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PAAS shares. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. TD Securities decreased their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. BMO Capital Markets began coverage on Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating for the company. Finally, Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $30.60.

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.