Stratos Wealth Advisors LLC Has $2.86 Million Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Stratos Wealth Advisors LLC lowered its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 17.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Pan American Silver during the 4th quarter worth approximately $32,000. Farther Finance Advisors LLC increased its stake in shares of 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 valued at $39,000 after purchasing an additional 1,209 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Pan American Silver in the 4th quarter valued at $43,000. Jones Financial Companies Lllp grew its position in Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after acquiring an additional 549 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in Pan American Silver in the fourth quarter valued at about $118,000. Institutional investors own 55.43% of the company's stock.

Pan American Silver Trading Up 3.4%

Shares of NYSE:PAAS traded up $0.99 during midday trading on Friday, reaching $30.33. The company's stock had a trading volume of 7,536,505 shares, compared to its average volume of 3,993,160. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 0.50 and a beta of 0.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93. The firm has a 50 day moving average price of $26.65 and a two-hundred day moving average price of $24.89. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $30.48.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced 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. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. During the same period in the previous year, the business earned $0.01 EPS. The firm's revenue was up 28.6% compared to the same quarter last year. As a group, analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is currently 45.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PAAS shares. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. BMO Capital Markets assumed coverage on Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. TD Securities reduced their price objective on 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. Finally, CIBC upped their price target 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. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.60.

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.