American Trust Has $226,000 Holdings in Pan American Silver Corp. (NASDAQ:PAAS)

American Trust trimmed its position in shares of Pan American Silver Corp. (NASDAQ:PAASGet Rating) (TSE:PAAS) by 11.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,273 shares of the basic materials company’s stock after selling 1,038 shares during the period. American Trust’s holdings in Pan American Silver were worth $226,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PAAS. Prospera Financial Services Inc acquired a new stake in shares of Pan American Silver in the 1st quarter valued at approximately $25,000. Destiny Wealth Partners LLC acquired a new stake in shares of Pan American Silver in the 1st quarter valued at approximately $41,000. Rational Advisors LLC boosted its stake in shares of Pan American Silver by 63.8% in the 1st quarter. Rational Advisors LLC now owns 1,530 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 596 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in shares of Pan American Silver in the 1st quarter valued at approximately $55,000. Finally, Archer Investment Corp boosted its stake in shares of Pan American Silver by 106.7% in the 1st quarter. Archer Investment Corp now owns 2,212 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 1,142 shares in the last quarter. 45.21% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

NASDAQ PAAS opened at $16.16 on Tuesday. The company has a fifty day simple moving average of $17.54 and a 200 day simple moving average of $21.99. Pan American Silver Corp. has a 12-month low of $14.40 and a 12-month high of $30.56. The company has a current ratio of 2.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.40 billion, a P/E ratio of -52.13, a PEG ratio of 5.02 and a beta of 1.29.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Monday, August 22nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Friday, August 19th. Pan American Silver’s payout ratio is currently -129.03%.

Analyst Ratings Changes

PAAS has been the subject of a number of research reports. Pi Financial reiterated a “buy” rating on shares of Pan American Silver in a report on Saturday, July 30th. StockNews.com lowered shares of Pan American Silver from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. TD Securities lowered their price target on shares of Pan American Silver from $26.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 12th. TheStreet lowered shares of Pan American Silver from a “b-” rating to a “c-” rating in a report on Monday, September 12th. Finally, National Bank Financial lowered their price target on shares of Pan American Silver from C$39.00 to C$33.00 in a report on Monday, August 15th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average target price of $32.17.

About Pan American Silver

(Get Rating)

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines.

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Institutional Ownership by Quarter for Pan American Silver (NASDAQ:PAAS)

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