Wealthcare Advisory Partners LLC Makes New $248,000 Investment in Pan American Silver Corp. $PAAS

Wealthcare Advisory Partners LLC purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 2nd quarter, Holdings Channel reports. The fund purchased 8,750 shares of the basic materials company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Graybill Wealth Management LTD. bought a new stake in shares of Pan American Silver in the 1st quarter valued at about $33,000. Farther Finance Advisors LLC raised its holdings in shares of Pan American Silver by 39.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 775 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Pan American Silver by 507.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 3,759 shares during the period. Banque Transatlantique SA bought a new stake in shares of Pan American Silver in the 1st quarter valued at about $139,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Pan American Silver in the 2nd quarter valued at about $141,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $38.52 on Friday. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 0.61 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. The firm has a 50 day simple moving average of $34.85 and a 200 day simple moving average of $29.45. Pan American Silver Corp. has a one year low of $19.80 and a one year high of $40.84.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The firm had revenue of $811.90 million during the quarter, compared to the consensus estimate of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. Research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. Pan American Silver’s dividend payout ratio is currently 33.10%.

Analysts Set New Price Targets

PAAS has been the topic of a number of research analyst reports. CIBC upped their target price on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a report on Friday. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. National Bank Financial upgraded shares of Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Pan American Silver in a research note on Saturday, September 27th. Finally, National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.50.

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.