Kohmann Bosshard Financial Services LLC Makes New $53,000 Investment in Pan American Silver Corp. (NYSE:PAAS)

Kohmann Bosshard Financial Services LLC bought a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,600 shares of the basic materials company’s stock, valued at approximately $53,000.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE increased its holdings in shares of Pan American Silver by 9.6% during the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 539 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Pan American Silver during the fourth quarter valued at approximately $734,000. Olympiad Research LP bought a new stake in shares of Pan American Silver during the fourth quarter valued at approximately $290,000. Oxbow Advisors LLC bought a new stake in shares of Pan American Silver during the fourth quarter valued at approximately $3,279,000. Finally, Leuthold Group LLC bought a new stake in shares of Pan American Silver during the fourth quarter valued at approximately $2,684,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Down 1.2 %

PAAS stock opened at $23.54 on Tuesday. The stock’s fifty day simple moving average is $22.73 and its two-hundred day simple moving average is $22.16. 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 $13.00 and a 1-year high of $26.05. The stock has a market cap of $8.52 billion, a P/E ratio of 73.56 and a beta of 1.28.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $805.20 million. Analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.70%. Pan American Silver’s dividend payout ratio is currently 125.00%.

Analysts Set New Price Targets

PAAS has been the subject of several recent research reports. Royal Bank of Canada boosted their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Scotiabank lifted their target price on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Tuesday, February 25th. TD Securities lifted their target price on Pan American Silver from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.08.

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.