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

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Pan American Silver by 6.0% in the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock worth $160,000 after purchasing an additional 451 shares during the period. US Bancorp DE boosted its stake in Pan American Silver by 9.6% in the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after purchasing an additional 539 shares during the period. Jones Financial Companies Lllp boosted its stake in 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 worth $58,000 after purchasing an additional 549 shares during the period. Principal Securities Inc. boosted its stake in Pan American Silver by 12.5% in the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock worth $121,000 after purchasing an additional 664 shares during the period. Finally, Evergreen Capital Management LLC boosted its stake in Pan American Silver by 2.4% in the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock worth $611,000 after purchasing an additional 715 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Stock Performance

Shares of PAAS stock traded up $0.06 on Friday, reaching $29.02. The stock had a trading volume of 5,050,190 shares, compared to its average volume of 3,907,719. 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 firm's 50-day moving average is $25.47 and its two-hundred day moving average is $24.01. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 90.67 and a beta of 0.63. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $29.66.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. The company had revenue of $773.20 million for the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Pan American Silver's quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. On average, research analysts expect 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. Stockholders of record on Tuesday, May 20th were issued 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 dividend yield of 1.38%. Pan American Silver's payout ratio is 45.98%.

Analysts Set New Price Targets

PAAS has been the topic of several analyst reports. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. TD Securities cut their price target on shares of 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. CIBC boosted their price target 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. 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. Finally, 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 on the stock. Four 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 MarketBeat.com, Pan American Silver 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.