Ashton Thomas Private Wealth LLC Trims Stock Holdings in 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 lowered its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 57.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Pan American Silver by 319.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,451,864 shares of the basic materials company's stock valued at $115,009,000 after purchasing an additional 3,389,549 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Pan American Silver by 11.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company's stock worth $233,225,000 after buying an additional 959,859 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of Pan American Silver by 77.2% in the 1st quarter. Driehaus Capital Management LLC now owns 2,151,187 shares of the basic materials company's stock valued at $55,565,000 after buying an additional 937,126 shares in the last quarter. TD Asset Management Inc grew its position in shares of Pan American Silver by 71.7% in the 1st quarter. TD Asset Management Inc now owns 1,971,544 shares of the basic materials company's stock valued at $50,917,000 after buying an additional 823,390 shares during the last quarter. Finally, Man Group plc lifted its position in Pan American Silver by 381.7% in the fourth quarter. Man Group plc now owns 947,560 shares of the basic materials company's stock valued at $19,160,000 after acquiring an additional 750,858 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Pan American Silver Stock Performance

NYSE:PAAS traded up $0.54 during mid-day trading on Monday, reaching $37.22. The stock had a trading volume of 6,770,181 shares, compared to its average volume of 5,249,782. Pan American Silver Corp. has a twelve month low of $19.80 and a twelve month high of $37.73. The business has a 50 day simple moving average of $31.38 and a 200 day simple moving average of $27.82. The firm has a market capitalization of $15.71 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 0.46 and a beta of 0.64. 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 issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The business had revenue of $811.90 million during the quarter, compared to the consensus estimate of $782.12 million. During the same period in the prior year, the business posted $0.11 EPS. The company's revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts expect 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. Investors of record on Monday, August 18th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, August 18th. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. Pan American Silver's dividend payout ratio (DPR) is 33.10%.

About Pan American Silver

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.