DORCHESTER WEALTH MANAGEMENT Co Reduces Stake in Pan American Silver Corp. (NYSE:PAAS)

DORCHESTER WEALTH MANAGEMENT Co decreased its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 7.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,601 shares of the basic materials company’s stock after selling 1,400 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Pan American Silver were worth $366,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PAAS. Creative Planning lifted its holdings in Pan American Silver by 10.2% during the 3rd quarter. Creative Planning now owns 33,004 shares of the basic materials company’s stock worth $689,000 after purchasing an additional 3,051 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Pan American Silver by 10.4% in the 3rd quarter. Raymond James & Associates now owns 249,300 shares of the basic materials company’s stock valued at $5,203,000 after acquiring an additional 23,543 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Pan American Silver by 8.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 439,700 shares of the basic materials company’s stock valued at $9,177,000 after acquiring an additional 35,400 shares during the last quarter. Eastern Bank bought a new stake in shares of Pan American Silver during the 3rd quarter valued at about $28,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Pan American Silver during the 3rd quarter valued at about $1,659,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

PAAS has been the subject of a number of research analyst reports. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Royal Bank of Canada increased their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and an average target price of $25.92.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $24.43 on Friday. The company’s fifty day moving average price is $22.35 and its 200-day moving average price is $21.95. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 76.33 and a beta of 1.28. Pan American Silver Corp. has a one year low of $12.19 and a one year high of $26.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. On average, equities research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.10 dividend. The ex-dividend date is Monday, March 3rd. 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 125.00%.

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.