Savant Capital LLC Makes New Investment in Pan American Silver Corp. $PAAS

Savant Capital LLC purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,056 shares of the basic materials company’s stock, valued at approximately $428,000.

Several other institutional investors also recently modified their holdings of PAAS. J.W. Cole Advisors Inc. acquired a new stake in Pan American Silver in the 3rd quarter valued at about $222,000. Envestnet Asset Management Inc. boosted its stake in shares of Pan American Silver by 45.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 52,912 shares of the basic materials company’s stock worth $2,049,000 after acquiring an additional 16,576 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of Pan American Silver by 11.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 106,384 shares of the basic materials company’s stock worth $4,123,000 after acquiring an additional 10,743 shares during the last quarter. Legend Financial Advisors Inc. increased its holdings in shares of Pan American Silver by 2.0% during the 3rd quarter. Legend Financial Advisors Inc. now owns 31,720 shares of the basic materials company’s stock worth $1,229,000 after acquiring an additional 629 shares during the last quarter. Finally, Arizona State Retirement System acquired a new stake in Pan American Silver during the 3rd quarter valued at $292,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Up 6.2%

Shares of PAAS opened at $57.97 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12. Pan American Silver Corp. has a 12 month low of $20.55 and a 12 month high of $69.99. The firm’s 50 day moving average is $54.90 and its 200-day moving average is $42.64. The stock has a market capitalization of $24.46 billion, a PE ratio of 33.51, a P/E/G ratio of 0.55 and a beta of 0.66.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The company had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. During the same quarter last year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. Equities research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

PAAS has been the topic of several research reports. Bank of America upped their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, December 1st. Wall Street Zen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Canadian Imperial Bank of Commerce set a $88.00 price objective on Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Jefferies Financial Group decreased their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average target price of $56.60.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.