DORCHESTER WEALTH MANAGEMENT Co Has $366,000 Stake in Pan American Silver Corp. (NYSE:PAAS)

DORCHESTER WEALTH MANAGEMENT Co trimmed its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,601 shares of the basic materials company’s stock after selling 1,400 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Pan American Silver were worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its position in shares of Pan American Silver by 6.3% during the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock worth $824,632,000 after purchasing an additional 2,328,306 shares during the period. Ingalls & Snyder LLC grew its holdings in Pan American Silver by 5.4% during the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock worth $34,920,000 after buying an additional 89,011 shares in the last quarter. Geode Capital Management LLC grew its holdings in Pan American Silver by 7.6% during the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock worth $31,713,000 after buying an additional 108,039 shares in the last quarter. FMR LLC grew its holdings in Pan American Silver by 1,834.8% during the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after buying an additional 1,275,475 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in Pan American Silver by 30.1% during the third quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock worth $23,857,000 after buying an additional 264,772 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Pan American Silver Stock Down 4.2 %

Shares of NYSE:PAAS opened at $24.43 on Friday. The company has a market capitalization of $8.85 billion, a PE ratio of 76.33 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The business has a fifty day moving average price of $22.35 and a two-hundred day moving average price of $21.95. Pan American Silver Corp. has a 1 year low of $12.19 and a 1 year high of $26.05.

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. The firm had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 1.64%. Pan American Silver’s dividend payout ratio (DPR) is presently 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.