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

Euro Pacific Asset Management LLC cut its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,339,706 shares of the basic materials company's stock after selling 32,032 shares during the quarter. Pan American Silver accounts for 5.9% of Euro Pacific Asset Management LLC's portfolio, making the stock its 3rd largest position. Euro Pacific Asset Management LLC owned 0.37% of Pan American Silver worth $27,310,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Eastern Bank acquired a new position in shares of Pan American Silver in the 3rd quarter valued at approximately $28,000. Laurel Wealth Advisors LLC bought a new stake in shares of Pan American Silver in the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Pan American Silver in the third quarter valued at $32,000. Decker Retirement Planning Inc. bought a new position in Pan American Silver during the 4th quarter valued at $32,000. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in Pan American Silver by 102.5% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company's stock worth $70,000 after acquiring an additional 1,700 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PAAS. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Jefferies Financial Group increased their target price on Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $25.42.

Pan American Silver Stock Performance

Shares of PAAS stock traded up $0.62 during trading hours on Friday, reaching $22.44. The stock had a trading volume of 3,025,006 shares, compared to its average volume of 2,100,317. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The firm has a 50-day simple moving average of $21.65 and a 200-day simple moving average of $21.70. The firm has a market capitalization of $8.15 billion, a PE ratio of -131.97 and a beta of 1.27. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $26.05.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.78%. Pan American Silver's dividend payout ratio is presently -235.28%.

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.