Stratos Wealth Advisors LLC Sells 23,685 Shares of Pan American Silver Corp. (NYSE:PAAS)

Stratos Wealth Advisors LLC reduced its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 17.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,646 shares of the basic materials company's stock after selling 23,685 shares during the period. Stratos Wealth Advisors LLC's holdings in Pan American Silver were worth $2,858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE increased its holdings in shares of Pan American Silver by 9.6% in the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after acquiring an additional 539 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 549 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Pan American Silver during the fourth quarter valued at $43,000. Steward Partners Investment Advisory LLC increased its position in Pan American Silver by 18.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 18,504 shares of the basic materials company's stock worth $374,000 after purchasing an additional 2,902 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Pan American Silver during the 4th quarter worth about $6,834,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of NYSE:PAAS traded up $0.13 during midday trading on Thursday, reaching $28.96. The company's stock had a trading volume of 1,236,548 shares, compared to its average volume of 3,965,428. The business's fifty day simple moving average is $26.54 and its 200-day simple moving average is $24.83. The company has a market capitalization of $10.48 billion, a P/E ratio of 33.29, a P/E/G ratio of 0.50 and a beta of 0.67. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $29.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.93 and a quick ratio of 1.94.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.23. The company had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. Pan American Silver's revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, equities research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's payout ratio is 45.98%.

Analyst Ratings Changes

Several research firms have recently issued reports on PAAS. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. TD Securities decreased their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. BMO Capital Markets assumed coverage on Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating for the company. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Four investment 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.60.

Pan American Silver 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.