Wealth Enhancement Advisory Services LLC Acquires 18,343 Shares of Pan American Silver Corp. (NYSE:PAAS)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 143.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,163 shares of the basic materials company's stock after purchasing an additional 18,343 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Pan American Silver were worth $630,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank acquired a new stake in Pan American Silver in the 4th quarter valued at approximately $91,916,000. Jupiter Asset Management Ltd. bought a new stake in Pan American Silver during the fourth quarter worth approximately $24,083,000. Hsbc Holdings PLC increased its position in shares of Pan American Silver by 661.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock valued at $26,300,000 after purchasing an additional 1,135,839 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Pan American Silver by 110.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company's stock valued at $30,295,000 after buying an additional 784,906 shares during the period. Finally, Man Group plc grew its holdings in Pan American Silver by 381.7% during the fourth quarter. Man Group plc now owns 947,560 shares of the basic materials company's stock worth $19,160,000 after acquiring an additional 750,858 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Up 1.2%

Shares of PAAS stock traded up $0.33 on Thursday, reaching $28.99. 3,981,556 shares of the stock were exchanged, compared to its average volume of 3,899,624. The stock has a market cap of $10.50 billion, a PE ratio of 90.60 and a beta of 0.63. Pan American Silver Corp. has a one year low of $17.86 and a one year 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 stock has a 50 day moving average price of $25.18 and a 200 day moving average price of $23.89.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping 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 company had revenue of $773.20 million for the quarter, compared to analysts' expectations of $696.62 million. During the same period last year, the firm posted $0.01 earnings per share. The business's quarterly revenue was up 28.6% compared to the same quarter last year. Equities research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company 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 1.38%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.

Analyst Ratings Changes

Several equities research analysts have recently commented on PAAS shares. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. BMO Capital Markets assumed coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. CIBC increased their price objective on Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.60.

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.