Stratos Wealth Advisors LLC Sells 14,755 Shares of Pan American Silver Corp. $PAAS

Stratos Wealth Advisors LLC decreased its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,121 shares of the basic materials company’s stock after selling 14,755 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Pan American Silver were worth $3,490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. City State Bank raised its holdings in Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 435 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after buying an additional 594 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in Pan American Silver in the second quarter worth about $51,000. Wolverine Asset Management LLC bought a new position in Pan American Silver in the third quarter worth about $58,000. Finally, CWM LLC lifted its holdings in Pan American Silver by 32.1% in the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after buying an additional 550 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Jefferies Financial Group decreased their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Scotiabank upped their price target on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Wall Street Zen upgraded Pan American Silver from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $60.02 on Thursday. Pan American Silver Corp. has a 1-year low of $20.55 and a 1-year high of $69.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The business has a fifty day moving average price of $54.43 and a 200-day moving average price of $42.35. The company has a market capitalization of $25.32 billion, a PE ratio of 34.70, a PEG ratio of 0.61 and a beta of 0.66.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The firm had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. During the same quarter in the previous year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.