Financial Sense Advisors Inc. Sells 59,085 Shares of Pan American Silver Corp. (NYSE:PAAS)

Financial Sense Advisors Inc. reduced its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 7.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 723,167 shares of the basic materials company’s stock after selling 59,085 shares during the quarter. Pan American Silver makes up about 4.8% of Financial Sense Advisors Inc.’s holdings, making the stock its 5th largest position. Financial Sense Advisors Inc.’s holdings in Pan American Silver were worth $14,622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver in the fourth quarter valued at approximately $27,000. Eastern Bank bought a new position in Pan American Silver in the 3rd quarter worth approximately $28,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver in the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Pan American Silver during the third quarter valued at $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in Pan American Silver during the 4th quarter valued at about $32,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Trading Down 1.6 %

Pan American Silver stock opened at $24.29 on Thursday. Pan American Silver Corp. has a one year low of $12.19 and a one year high of $26.05. The company’s fifty day moving average price is $22.25 and its two-hundred day moving average price is $21.88. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of -142.84 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Pan American Silver had a negative net margin of 2.37% and a positive return on equity of 3.07%. On average, analysts forecast that Pan American Silver Corp. will post 0.78 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.65%. Pan American Silver’s payout ratio is presently -235.29%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PAAS. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Royal Bank of Canada raised their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.92.

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.