Stratos Wealth Advisors LLC boosted its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 33.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,268 shares of the basic materials company's stock after acquiring an additional 39,873 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Pan American Silver were worth $3,324,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in PAAS. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Pan American Silver by 943.4% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 1,500 shares during the last quarter. Perritt Capital Management Inc. lifted its position in shares of Pan American Silver by 76.9% during the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company's stock worth $35,000 after buying an additional 1,000 shares during the last quarter. CWM LLC boosted its holdings 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 buying an additional 510 shares in the last quarter. UniSuper Management Pty Ltd grew its position in shares of 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 valued at $78,000 after buying an additional 2,200 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Pan American Silver by 11.6% during the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company's stock worth $148,000 after acquiring an additional 774 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.
PAAS opened at $24.41 on Friday. The business has a 50 day moving average price of $20.93 and a two-hundred day moving average price of $20.62. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $24.56. The company has a market cap of $8.86 billion, a PE ratio of -62.59 and a beta of 1.35. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). The company had revenue of $686.30 million for the quarter, compared to analyst estimates of $696.08 million. Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. Pan American Silver's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. As a group, research analysts anticipate that Pan American Silver Corp. will post 0.64 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. Pan American Silver's dividend payout ratio (DPR) is -102.56%.
Several equities analysts have issued reports on the stock. Jefferies Financial Group raised their price objective on Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Scotiabank raised their price target on Pan American Silver from $23.00 to $26.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 16th. Royal Bank of Canada lifted 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, CIBC increased their price objective on Pan American Silver from $30.00 to $35.00 and gave the company an "outperformer" rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.93.
Read Our Latest Report on Pan American Silver
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Pan American Silver, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pan American Silver wasn't on the list.
While Pan American Silver currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.