Stratos Wealth Advisors LLC Raises Position in Pan American Silver Corp. (NYSE:PAAS)

Stratos Wealth Advisors LLC increased its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 33.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,268 shares of the basic materials company's stock after purchasing an additional 39,873 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Pan American Silver were worth $3,324,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PAAS. Van ECK Associates Corp raised its holdings in shares of Pan American Silver by 1.4% during the 1st quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company's stock worth $701,016,000 after buying an additional 653,064 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Pan American Silver by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company's stock valued at $199,440,000 after purchasing an additional 159,908 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Pan American Silver by 15,618.3% during the 1st quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company's stock valued at $57,340,000 after purchasing an additional 3,779,309 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Pan American Silver by 51.1% during the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company's stock worth $62,107,000 after buying an additional 1,056,981 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Pan American Silver by 22.1% during the second quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company's stock worth $43,440,000 after buying an additional 395,589 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Trading Up 10.6 %

Shares of Pan American Silver stock traded up $2.33 on Friday, reaching $24.41. 7,936,701 shares of the company's stock were exchanged, compared to its average volume of 3,344,715. The company has a market capitalization of $8.86 billion, a P/E ratio of -53.07 and a beta of 1.35. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $24.56. 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 firm's 50-day moving average is $20.93 and its two-hundred day moving average is $20.62.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The company had revenue of $686.30 million for the quarter, compared to the consensus estimate of $696.08 million. During the same period in the prior year, the company earned $0.04 earnings per share. The firm's revenue was up 7.3% compared to the same quarter last year. Sell-side analysts predict that Pan American Silver Corp. will post 0.64 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 1.64%. Pan American Silver's payout ratio is currently -86.96%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Scotiabank boosted their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 16th. CIBC upped their price target on Pan American Silver from $30.00 to $35.00 and gave the company an "outperformer" rating in a research report on Wednesday, July 10th. Royal Bank of Canada raised their price objective on Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their price objective on Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Pan American Silver has a consensus rating of "Moderate Buy" and an average price target 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.