Van ECK Associates Corp Boosts Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Van ECK Associates Corp raised its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,833,375 shares of the basic materials company's stock after purchasing an additional 4,842,547 shares during the quarter. Pan American Silver accounts for about 1.4% of Van ECK Associates Corp's portfolio, making the stock its 11th largest position. Van ECK Associates Corp owned about 12.57% of Pan American Silver worth $748,460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AE Wealth Management LLC boosted its holdings in shares of Pan American Silver by 5.2% in the 3rd quarter. AE Wealth Management LLC now owns 24,499 shares of the basic materials company's stock worth $355,000 after purchasing an additional 1,204 shares during the period. DAVENPORT & Co LLC raised its stake in shares of Pan American Silver by 127.1% in the third quarter. DAVENPORT & Co LLC now owns 29,731 shares of the basic materials company's stock valued at $431,000 after acquiring an additional 16,639 shares during the period. Raymond James & Associates raised its stake in shares of Pan American Silver by 4.3% in the third quarter. Raymond James & Associates now owns 331,580 shares of the basic materials company's stock valued at $4,801,000 after acquiring an additional 13,763 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Pan American Silver by 1.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 116,315 shares of the basic materials company's stock worth $1,684,000 after acquiring an additional 1,337 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Pan American Silver by 5.0% during the 3rd quarter. Mackenzie Financial Corp now owns 3,204,694 shares of the basic materials company's stock worth $44,012,000 after purchasing an additional 153,568 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Up 1.1 %

NYSE:PAAS traded up $0.21 during trading hours on Monday, reaching $19.23. The company's stock had a trading volume of 4,104,234 shares, compared to its average volume of 4,342,618. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23. The company has a market capitalization of $6.99 billion, a P/E ratio of -64.10, a price-to-earnings-growth ratio of 2.59 and a beta of 1.44. The stock has a 50 day moving average price of $15.61 and a two-hundred day moving average price of $15.03. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $20.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The company had revenue of $669.60 million during the quarter, compared to the consensus estimate of $657.65 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. Equities analysts predict that Pan American Silver Corp. will post 0.38 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Friday, March 1st. Pan American Silver's payout ratio is currently -133.33%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PAAS shares. TD Securities reduced their target price on Pan American Silver from $18.50 to $17.50 and set a "buy" rating on the stock in a research note on Friday, February 23rd. Scotiabank upped their target price on shares of Pan American Silver from $19.50 to $20.00 and gave the stock a "sector outperform" rating in a research note on Monday, April 8th. BMO Capital Markets decreased their price target on shares of Pan American Silver from $27.00 to $22.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th. Jefferies Financial Group raised their price objective on Pan American Silver from $14.00 to $17.00 and gave the stock a "hold" rating in a report on Monday, April 22nd. Finally, StockNews.com cut Pan American Silver from a "hold" rating to a "sell" rating in a report on Monday, January 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

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.

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