Envestnet Asset Management Inc. Acquires 5,276 Shares of Pan American Silver Corp. (NYSE:PAAS)

Envestnet Asset Management Inc. raised its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 19.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,862 shares of the basic materials company’s stock after buying an additional 5,276 shares during the period. Envestnet Asset Management Inc.’s holdings in Pan American Silver were worth $664,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PAAS. Signaturefd LLC grew 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 valued at $160,000 after buying an additional 451 shares during the last quarter. US Bancorp DE boosted 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 worth $124,000 after acquiring an additional 539 shares during the period. Jones Financial Companies Lllp grew its position in shares of Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 549 shares during the last quarter. Principal Securities Inc. lifted its holdings in Pan American Silver by 12.5% during 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 last quarter. Finally, Northwest & Ethical Investments L.P. boosted its stake in Pan American Silver by 1.4% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 70,451 shares of the basic materials company’s stock valued at $1,423,000 after purchasing an additional 972 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $23.53 on Friday. The company has a 50 day moving average of $25.19 and a 200-day moving average of $23.54. The company has a market cap of $8.52 billion, a PE ratio of 73.53 and a beta of 0.75. 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 $17.86 and a 1-year high of $28.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. As a group, equities research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on PAAS. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. TD Securities lowered shares of Pan American Silver from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Royal Bank of Canada boosted their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Scotiabank reaffirmed a “sector perform” rating on shares of Pan American Silver in a report on Monday, April 14th. Finally, BMO Capital Markets assumed coverage on Pan American Silver in a research note on Wednesday, April 16th. They issued a “market perform” rating for the company. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.50.

Pan American Silver Company 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.