Pan American Silver Corp. (NYSE:PAAS) is Euro Pacific Asset Management LLC’s 3rd Largest Position

Euro Pacific Asset Management LLC reduced its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.4% during the third quarter, HoldingsChannel reports. The firm owned 1,371,738 shares of the basic materials company’s stock after selling 5,601 shares during the period. Pan American Silver comprises 5.3% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 3rd biggest holding. Euro Pacific Asset Management LLC’s holdings in Pan American Silver were worth $28,753,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PAAS. Lighthouse Investment Partners LLC bought a new position in Pan American Silver during the 2nd quarter valued at about $990,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Pan American Silver during the 2nd quarter valued at $963,000. Cetera Investment Advisers bought a new position in shares of Pan American Silver during the 1st quarter valued at $1,565,000. Stratos Wealth Advisors LLC boosted its stake in shares of Pan American Silver by 33.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock worth $3,324,000 after buying an additional 39,873 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Pan American Silver in the first quarter worth $421,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on PAAS shares. Jefferies Financial Group raised their target price 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. Royal Bank of Canada raised their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, StockNews.com raised shares of Pan American Silver from a “hold” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.93.

Pan American Silver Price Performance

NYSE PAAS opened at $21.45 on Friday. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of -126.17 and a beta of 1.33. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $26.05. The company’s 50 day moving average is $22.18 and its two-hundred day moving average is $21.27. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.86%. Pan American Silver’s dividend payout ratio (DPR) is presently -235.28%.

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.