B. Riley Wealth Advisors Inc. Cuts Holdings in Pan American Silver Corp. (NYSE:PAAS)

B. Riley Wealth Advisors Inc. lowered its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,434 shares of the basic materials company’s stock after selling 3,800 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Pan American Silver were worth $4,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PAAS. Eastern Bank bought a new stake in Pan American Silver in the 3rd quarter worth about $28,000. Wilmington Savings Fund Society FSB bought a new position in Pan American Silver during the 3rd quarter valued at about $32,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 1,500 shares during the last quarter. CWM LLC grew its stake in shares of Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 510 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Pan American Silver by 13.4% during the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 660 shares during the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Down 2.1 %

Shares of PAAS stock opened at $22.21 on Friday. The company has a 50 day simple moving average of $22.77 and a two-hundred day simple moving average of $21.58. The stock has a market cap of $8.06 billion, a P/E ratio of -130.64 and a beta of 1.28. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $26.05. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.10 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.80%. Pan American Silver’s dividend payout ratio is currently -235.28%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Finally, Royal Bank of Canada lifted their price objective on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and an average target price of $25.42.

Pan American Silver Company 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.