Wealth Enhancement Advisory Services LLC Lowers Holdings in Pan American Silver Corp. (NYSE:PAAS)

Wealth Enhancement Advisory Services LLC lowered its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 12.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,417 shares of the basic materials company’s stock after selling 3,746 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Pan American Silver were worth $708,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PAAS. Norges Bank purchased a new stake in shares of Pan American Silver in the 4th quarter worth $91,916,000. Jupiter Asset Management Ltd. bought a new stake in shares of Pan American Silver in the fourth quarter valued at about $24,083,000. Hsbc Holdings PLC raised its holdings in shares of Pan American Silver by 661.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company’s stock valued at $26,300,000 after acquiring an additional 1,135,839 shares in the last quarter. Renaissance Technologies LLC lifted its stake in 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 worth $30,295,000 after acquiring an additional 784,906 shares during the period. Finally, Man Group plc lifted its stake in Pan American Silver by 381.7% in 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 currently owned by hedge funds and other institutional investors.

Pan American Silver Trading Up 1.1%

NYSE PAAS opened at $29.09 on Friday. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $29.66. The company has a 50 day moving average price of $26.26 and a 200 day moving average price of $24.60. The company has a quick ratio of 1.94, a current ratio of 2.93 and a debt-to-equity ratio of 0.16. The firm has a market cap of $10.53 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 0.51 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.19 by $0.23. The firm had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 EPS. As a group, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were paid a $0.10 dividend. 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 Upgrades and Downgrades

A number of research analysts have commented on PAAS shares. 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. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 15th. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a report on Wednesday, April 2nd. TD Securities lowered their target price on Pan American Silver from $30.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, May 22nd. Finally, CIBC lifted their price target on Pan American Silver from $38.00 to $42.00 and gave the company an “outperformer” rating in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus 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.