Stratos Wealth Advisors LLC Cuts Stock Position in Pan American Silver Corp. $PAAS

Stratos Wealth Advisors LLC cut its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 31.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,889 shares of the basic materials company’s stock after selling 28,232 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Pan American Silver were worth $3,207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PAAS. AQR Capital Management LLC lifted its stake in shares of Pan American Silver by 48.6% in the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 6,391 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Pan American Silver by 574.9% during the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 16,626 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Pan American Silver by 31.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock worth $38,728,000 after acquiring an additional 360,283 shares during the period. Empowered Funds LLC purchased a new position in Pan American Silver during the first quarter worth about $1,272,000. Finally, Prudential Financial Inc. acquired a new stake in Pan American Silver in the second quarter valued at about $761,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PAAS. Scotiabank lifted their price objective on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Zacks Research upgraded Pan American Silver from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Finally, Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the company an “outperform” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.60.

Pan American Silver Price Performance

PAAS stock opened at $55.80 on Friday. The firm has a 50 day moving average of $58.01 and a 200-day moving average of $48.91. The company has a market cap of $23.54 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 0.45 and a beta of 0.75. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 12-month low of $20.55 and a 12-month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.21. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.Pan American Silver’s quarterly revenue was up 44.7% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. As a group, equities analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.18 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. Pan American Silver’s dividend payout ratio is presently 28.80%.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.