B. Riley Wealth Advisors Inc. Purchases 24,572 Shares of Pan American Silver Corp. (NYSE:PAAS)

B. Riley Wealth Advisors Inc. increased its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 13.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 209,234 shares of the basic materials company’s stock after acquiring an additional 24,572 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.06% of Pan American Silver worth $4,160,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PAAS. 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. Signaturefd LLC boosted its holdings in Pan American Silver by 11.6% in the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 774 shares during the last quarter. Perritt Capital Management Inc. grew its position in Pan American Silver by 76.9% in the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,000 shares during the period. SG Americas Securities LLC raised its stake in Pan American Silver by 2.9% during the 1st quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock valued at $714,000 after buying an additional 1,336 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC lifted 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 buying an additional 1,500 shares during the period. 55.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Scotiabank upped their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 16th. CIBC increased their price objective on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group cut their target price on shares of Pan American Silver from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Finally, Royal Bank of Canada increased their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.64.

Pan American Silver Trading Down 2.7 %

Pan American Silver stock opened at $20.87 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $24.27. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of -45.37 and a beta of 1.35. The firm has a 50 day moving average of $20.70 and a 200 day moving average of $19.93.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.04). The firm had revenue of $686.30 million for the quarter, compared to the consensus estimate of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. As a group, research analysts predict that Pan American Silver Corp. will post 0.61 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Monday, August 19th. Pan American Silver’s dividend payout ratio (DPR) is -86.96%.

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.