Pan American Silver Corp. (NYSE:PAAS) Shares Sold by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co lowered its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,001 shares of the basic materials company’s stock after selling 1,450 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Pan American Silver were worth $408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PAAS. Eastern Bank purchased a new position in Pan American Silver in the 3rd quarter worth $28,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Pan American Silver by 943.4% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 1,500 shares during the last quarter. Perritt Capital Management Inc. lifted its holdings in shares of Pan American Silver by 76.9% during the first quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,000 shares during the period. CWM LLC boosted its position in Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after buying an additional 510 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in Pan American Silver by 73.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock worth $78,000 after buying an additional 2,200 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on PAAS. Scotiabank lifted their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 16th. CIBC boosted their target price on shares of Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Royal Bank of Canada increased their price target on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group upped their target price on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.93.

Pan American Silver Price Performance

PAAS traded down $0.46 during midday trading on Thursday, hitting $25.09. 1,044,739 shares of the company traded hands, compared to its average volume of 4,074,910. The business has a 50 day simple moving average of $21.27 and a two-hundred day simple moving average of $20.79. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $26.05. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of -65.54 and a beta of 1.35. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The firm had revenue of $686.30 million during the quarter, compared to analyst estimates of $696.08 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Pan American Silver Corp. will post 0.62 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 1.59%. Pan American Silver’s payout ratio is currently -102.56%.

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.