Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lessened its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 17.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,646 shares of the basic materials company's stock after selling 23,685 shares during the quarter. 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 institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in Pan American Silver by 3.2% during the first quarter. Envestnet Asset Management Inc. now owns 33,916 shares of the basic materials company's stock worth $876,000 after purchasing an additional 1,054 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Pan American Silver during the first quarter worth $222,000. Goehring & Rozencwajg Associates LLC boosted its position in Pan American Silver by 2.3% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 282,599 shares of the basic materials company's stock worth $7,461,000 after purchasing an additional 6,223 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in Pan American Silver during the first quarter worth $358,000. Finally, Rossby Financial LCC purchased a new stake in Pan American Silver during the first quarter worth $151,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analyst Upgrades and Downgrades

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

Pan American Silver Trading Up 3.4%

Pan American Silver stock traded up $0.99 during trading on Friday, hitting $30.33. The company's stock had a trading volume of 7,831,073 shares, compared to its average volume of 3,986,115. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 34.86, a P/E/G ratio of 0.53 and a beta of 0.67. The stock's fifty day moving average is $26.79 and its 200 day moving average is $24.98. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $30.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93.

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

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.32%. 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.