Ashton Thomas Private Wealth LLC Sells 13,605 Shares of Pan American Silver Corp. $PAAS

Key Points

• Ashton Thomas Private Wealth LLC has reduced its stake in Pan American Silver Corp. by 57.1%, lowering its holdings to 10,227 shares valued at approximately $264,000.
• Despite the decrease in ownership by some investors, others, such as Whittier Trust Co., significantly increased their positions, with an impressive 507.3% boost, acquiring an additional 3,759 shares.
• Pan American Silver recently declared a quarterly dividend of $0.12 per share, an increase from the prior dividend of $0.10, reflecting a positive payout ratio of 33.10%.

Ashton Thomas Private Wealth LLC cut its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 57.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,227 shares of the basic materials company's stock after selling 13,605 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Pan American Silver were worth $264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Pan American Silver by 8.1% during the first quarter. Signaturefd LLC now owns 8,567 shares of the basic materials company's stock valued at $221,000 after buying an additional 643 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Pan American Silver by 39.8% during the first quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock valued at $70,000 after buying an additional 775 shares in the last quarter. US Bancorp DE grew its holdings in shares of Pan American Silver by 13.4% during the first quarter. US Bancorp DE now owns 6,959 shares of the basic materials company's stock valued at $180,000 after buying an additional 820 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Pan American Silver by 4.3% during the first quarter. Blair William & Co. IL now owns 21,718 shares of the basic materials company's stock valued at $561,000 after buying an additional 900 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Pan American Silver by 2.8% during the first quarter. Advisors Asset Management Inc. now owns 35,360 shares of the basic materials company's stock valued at $913,000 after buying an additional 970 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PAAS. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 15th. TD Securities lowered their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. National Bank Financial upgraded Pan American Silver to a "strong-buy" rating in a research note on Thursday, September 4th. Wall Street Zen downgraded Pan American Silver from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Scotiabank lowered their target price on Pan American Silver from $36.50 to $36.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Pan American Silver currently has an average rating of "Moderate Buy" and a consensus target price of $32.20.

Pan American Silver Stock Down 0.3%

Shares of PAAS traded down $0.12 during trading hours on Thursday, hitting $35.22. 5,717,442 shares of the company were exchanged, compared to its average volume of 5,680,235. The company has a market cap of $14.87 billion, a PE ratio of 24.29, a PEG ratio of 0.57 and a beta of 0.65. The firm's 50 day moving average is $31.78 and its 200-day moving average is $28.01. Pan American Silver Corp. has a 52 week low of $19.80 and a 52 week high of $37.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05.

Pan American Silver (NYSE:PAAS - Get Free Report) 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, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $811.90 million during the quarter, compared to the consensus estimate of $782.12 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The firm's revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. On average, equities research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a dividend of $0.12 per share. This is a boost from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. Pan American Silver's dividend payout ratio is currently 33.10%.

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.