American Trust decreased its holdings in shares of Pan American Silver Corp. (NASDAQ:PAAS – Get Rating) (TSE:PAAS) by 11.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,273 shares of the basic materials company's stock after selling 1,038 shares during the quarter. American Trust's holdings in Pan American Silver were worth $226,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Prospera Financial Services Inc purchased a new stake in Pan American Silver in the first quarter worth approximately $25,000. Destiny Wealth Partners LLC purchased a new stake in Pan American Silver in the first quarter worth approximately $41,000. Rational Advisors LLC boosted its stake in Pan American Silver by 63.8% in the first quarter. Rational Advisors LLC now owns 1,530 shares of the basic materials company's stock worth $42,000 after buying an additional 596 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in Pan American Silver in the first quarter worth approximately $55,000. Finally, Archer Investment Corp boosted its stake in Pan American Silver by 106.7% in the first quarter. Archer Investment Corp now owns 2,212 shares of the basic materials company's stock worth $64,000 after buying an additional 1,142 shares in the last quarter. Hedge funds and other institutional investors own 45.21% of the company's stock.
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Wall Street Analysts Forecast Growth
PAAS has been the subject of several research reports. TheStreet lowered Pan American Silver from a "b-" rating to a "c-" rating in a research note on Monday, September 12th. Pi Financial reiterated a "buy" rating on shares of Pan American Silver in a research report on Saturday, July 30th. StockNews.com downgraded Pan American Silver from a "hold" rating to a "sell" rating in a research report on Wednesday, September 7th. National Bank Financial lowered their price objective on Pan American Silver from C$39.00 to C$33.00 in a research report on Monday, August 15th. Finally, TD Securities lowered their price objective on Pan American Silver from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Friday, August 12th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Pan American Silver presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.17.
Pan American Silver Price Performance
PAAS opened at $16.16 on Tuesday. The stock has a fifty day simple moving average of $17.54 and a two-hundred day simple moving average of $21.99. The company has a current ratio of 2.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.40 billion, a price-to-earnings ratio of -52.13, a price-to-earnings-growth ratio of 5.02 and a beta of 1.29. Pan American Silver Corp. has a 12-month low of $14.40 and a 12-month high of $30.56.
Pan American Silver Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Monday, August 22nd were issued a $0.12 dividend. The ex-dividend date was Friday, August 19th. This represents a $0.48 dividend on an annualized basis and a yield of 2.97%. Pan American Silver's dividend payout ratio (DPR) is -129.03%.
Pan American Silver Company Profile
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Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines.
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