Euro Pacific Asset Management LLC Trims Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Euro Pacific Asset Management LLC lowered its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,371,738 shares of the basic materials company’s stock after selling 5,601 shares during the period. Pan American Silver comprises about 5.3% of Euro Pacific Asset Management LLC’s holdings, making the stock its 3rd largest holding. Euro Pacific Asset Management LLC owned approximately 0.38% of Pan American Silver worth $28,753,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its stake in shares of Pan American Silver by 31.6% in the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 510 shares during the last quarter. US Bancorp DE lifted its position in Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 660 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Pan American Silver by 11.6% during the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 774 shares during the period. Perritt Capital Management Inc. grew its holdings in shares of Pan American Silver by 76.9% in 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 last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Pan American Silver by 2.9% in the first quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock worth $714,000 after purchasing an additional 1,336 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on PAAS shares. StockNews.com raised shares of Pan American Silver from a “hold” rating to a “buy” rating in a research report on Tuesday. Jefferies Financial Group increased their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada boosted their price target on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.93.

Pan American Silver Stock Down 2.0 %

Shares of Pan American Silver stock opened at $21.45 on Friday. Pan American Silver Corp. has a 1 year low of $12.16 and a 1 year high of $26.05. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of -126.17 and a beta of 1.33. The company has a 50-day moving average of $22.18 and a 200 day moving average of $21.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a $0.10 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. Pan American Silver’s payout ratio is currently -235.28%.

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.