Sax Wealth Advisors LLC Sells 2,181 Shares of Pan American Silver Corp. (NYSE:PAAS)

Sax Wealth Advisors LLC trimmed its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 12.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,862 shares of the basic materials company’s stock after selling 2,181 shares during the period. Sax Wealth Advisors LLC’s holdings in Pan American Silver were worth $301,000 at the end of the most recent reporting period.

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

Pan American Silver Trading Up 0.1 %

Shares of Pan American Silver stock opened at $21.47 on Friday. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $26.05. The firm has a market capitalization of $7.80 billion, a PE ratio of -126.31 and a beta of 1.27. 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 company’s fifty day moving average price is $21.63 and its two-hundred day moving average price is $21.68.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -235.28%.

Analysts Set New Price Targets

PAAS has been the topic of several research analyst reports. Jefferies Financial Group raised their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Pan American Silver 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.