Pan American Silver Corp. $PAAS Holdings Decreased by Hara Capital LLC

Hara Capital LLC reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 71.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,265 shares of the basic materials company’s stock after selling 49,319 shares during the period. Hara Capital LLC’s holdings in Pan American Silver were worth $746,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. XTX Topco Ltd boosted its holdings in shares of Pan American Silver by 123.9% in the 2nd quarter. XTX Topco Ltd now owns 52,331 shares of the basic materials company’s stock valued at $1,486,000 after buying an additional 28,963 shares during the period. Campbell & CO Investment Adviser LLC raised its stake in Pan American Silver by 363.2% during the third quarter. Campbell & CO Investment Adviser LLC now owns 151,801 shares of the basic materials company’s stock worth $5,879,000 after acquiring an additional 119,028 shares during the period. Ninety One UK Ltd lifted its holdings in Pan American Silver by 3.1% in the third quarter. Ninety One UK Ltd now owns 2,155,252 shares of the basic materials company’s stock worth $83,473,000 after acquiring an additional 65,592 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Pan American Silver by 299.4% in the second quarter. Osaic Holdings Inc. now owns 144,087 shares of the basic materials company’s stock valued at $4,092,000 after acquiring an additional 108,012 shares during the period. Finally, OLD Point Trust & Financial Services N A acquired a new position in Pan American Silver in the third quarter valued at approximately $813,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. CIBC increased their price target on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Jefferies Financial Group cut their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday. Bank of America upped their price target on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Finally, Wall Street Zen downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Pan American Silver Trading Up 7.8%

Shares of PAAS stock opened at $61.70 on Friday. Pan American Silver Corp. has a 1 year low of $20.55 and a 1 year high of $61.88. The firm has a market capitalization of $26.03 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 0.36 and a beta of 0.67. The stock has a fifty day moving average of $49.22 and a two-hundred day moving average of $39.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.55 and a current ratio of 2.31.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. Pan American Silver’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the business posted $0.32 earnings per share. As a group, research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio (DPR) is currently 32.37%.

Pan American Silver Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.