Pan American Silver Corp. $PAAS Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lessened its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 31.3% during the 4th quarter, Holdings Channel reports. The firm owned 61,889 shares of the basic materials company’s stock after selling 28,232 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Pan American Silver were worth $3,207,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PAAS. Van ECK Associates Corp increased its stake in shares of Pan American Silver by 51.8% during the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after purchasing an additional 15,405,762 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in Pan American Silver in the 3rd quarter valued at approximately $178,004,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Pan American Silver by 38.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock valued at $560,149,000 after buying an additional 4,037,311 shares during the last quarter. Vanguard Group Inc. increased its position in Pan American Silver by 21.2% during the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after buying an additional 3,006,055 shares in the last quarter. Finally, Invesco Ltd. increased its position in Pan American Silver by 49.5% during the second quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock worth $256,062,000 after buying an additional 2,986,434 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 22nd. Jefferies Financial Group dropped their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Scotiabank upped their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Zacks Research raised shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Stock Performance

Pan American Silver stock opened at $55.80 on Friday. The stock has a fifty day moving average price of $58.01 and a 200 day moving average price of $48.91. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99. The firm has a market capitalization of $23.54 billion, a P/E ratio of 22.32, a PEG ratio of 0.45 and a beta of 0.75. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm’s quarterly revenue was up 44.7% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a $0.18 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. Pan American Silver’s payout ratio is presently 28.80%.

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.