B. Riley Wealth Advisors Inc. Has $2.95 Million Stake in Pan American Silver Corp. (NYSE:PAAS)

B. Riley Wealth Advisors Inc. reduced its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 29.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 145,934 shares of the basic materials company's stock after selling 59,500 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Pan American Silver were worth $2,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PAAS. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Pan American Silver in the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Pan American Silver in the fourth quarter worth about $32,000. Farther Finance Advisors LLC raised its position in Pan American Silver by 164.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock worth $39,000 after purchasing an additional 1,209 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Pan American Silver during the 4th quarter worth $43,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Pan American Silver in the fourth quarter worth $53,000. 55.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PAAS has been the topic of several research reports. CIBC raised their target price on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research report on Thursday, May 8th. Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. BMO Capital Markets started coverage on Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. Finally, Royal Bank of Canada raised their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $30.60.

Pan American Silver Stock Performance

Shares of PAAS traded down $0.21 during mid-day trading on Thursday, hitting $24.18. 3,262,633 shares of the company traded hands, compared to its average volume of 3,765,188. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 75.56 and a beta of 0.75. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $28.60. The stock has a 50-day moving average price of $24.82 and a two-hundred day moving average price of $23.55. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50.

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

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. Pan American Silver's payout ratio is currently 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.