DORCHESTER WEALTH MANAGEMENT Co Decreases Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

DORCHESTER WEALTH MANAGEMENT Co cut its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 6.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,001 shares of the basic materials company’s stock after selling 1,450 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Pan American Silver were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Pan American Silver by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 13,065,572 shares of the basic materials company’s stock worth $213,361,000 after acquiring an additional 176,979 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Pan American Silver by 9.7% during the first quarter. Commonwealth Equity Services LLC now owns 96,027 shares of the basic materials company’s stock worth $1,448,000 after purchasing an additional 8,504 shares during the period. Privium Fund Management B.V. boosted its holdings in Pan American Silver by 8.7% in the 1st quarter. Privium Fund Management B.V. now owns 29,898 shares of the basic materials company’s stock valued at $451,000 after purchasing an additional 2,383 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Pan American Silver by 1.4% in the 1st quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company’s stock valued at $701,016,000 after buying an additional 653,064 shares during the period. Finally, StoneX Group Inc. increased its holdings in shares of Pan American Silver by 14.9% during the 1st quarter. StoneX Group Inc. now owns 12,191 shares of the basic materials company’s stock worth $184,000 after buying an additional 1,579 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Down 1.8 %

Shares of PAAS traded down $0.46 during mid-day trading on Thursday, hitting $25.09. 1,044,739 shares of the company’s stock were exchanged, compared to its average volume of 4,074,910. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06. The company has a market cap of $9.11 billion, a price-to-earnings ratio of -65.54 and a beta of 1.35. The stock’s 50-day moving average is $21.27 and its 200-day moving average is $20.79. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The business 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 quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share. On average, sell-side analysts anticipate that Pan American Silver Corp. will post 0.62 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 1.59%. Pan American Silver’s payout ratio is -102.56%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PAAS. Scotiabank upped their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 16th. Jefferies Financial Group upped their price target on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Royal Bank of Canada increased their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, CIBC boosted their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average target price of $24.93.

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.