Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC lessened its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,339,706 shares of the basic materials company’s stock after selling 32,032 shares during the period. Pan American Silver comprises about 5.9% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Euro Pacific Asset Management LLC owned approximately 0.37% of Pan American Silver worth $27,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Eastern Bank acquired a new stake in shares of Pan American Silver during the 3rd quarter valued at approximately $28,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver during the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Pan American Silver during the third quarter worth $32,000. Decker Retirement Planning Inc. bought a new position in shares of Pan American Silver in the 4th quarter worth about $32,000. Finally, Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Pan American Silver by 102.5% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company’s stock valued at $70,000 after buying an additional 1,700 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PAAS. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Jefferies Financial Group increased their price target on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.42.

Pan American Silver Stock Performance

NYSE PAAS opened at $22.44 on Friday. The company has a 50-day moving average price of $21.65 and a two-hundred day moving average price of $21.70. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $26.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.78%. The ex-dividend date was Monday, November 18th. Pan American Silver’s dividend payout ratio is currently -235.28%.

About 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.