B. Riley Wealth Advisors Inc. Sells 59,500 Shares of Pan American Silver Corp. (NYSE:PAAS)

B. Riley Wealth Advisors Inc. trimmed its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 29.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,934 shares of the basic materials company's stock after selling 59,500 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Pan American Silver were worth $2,951,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pullen Investment Management LLC lifted its position in shares of Pan American Silver by 40.8% in the 4th quarter. Pullen Investment Management LLC now owns 86,748 shares of the basic materials company's stock worth $1,754,000 after purchasing an additional 25,154 shares during the period. Credit Industriel ET Commercial purchased a new position in Pan American Silver during the 4th quarter valued at about $8,537,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in Pan American Silver during the 4th quarter valued at about $3,032,000. Public Employees Retirement System of Ohio lifted its position in Pan American Silver by 11.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 29,115 shares of the basic materials company's stock valued at $589,000 after acquiring an additional 2,924 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Pan American Silver by 16.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 500,868 shares of the basic materials company's stock valued at $10,128,000 after acquiring an additional 69,596 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PAAS has been the subject of a number of recent research reports. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. TD Securities lowered their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 22nd. CIBC lifted their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research report on Thursday, May 8th. Royal Bank of Canada lifted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets assumed coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating for the company. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $30.60.

Pan American Silver Stock Up 0.8%

NYSE:PAAS traded up $0.20 on Friday, reaching $24.40. 3,214,792 shares of the stock traded hands, compared to its average volume of 3,769,748. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 76.25 and a beta of 0.75. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $28.60. The company's fifty day simple moving average is $24.75 and its 200 day simple moving average is $23.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. During the same period in the previous year, the business posted $0.01 earnings per share. The business's revenue for the quarter was up 28.6% on a year-over-year basis. Equities analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. Pan American Silver's dividend payout ratio is presently 45.98%.

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.