Pan American Silver Corp. (NYSE:PAAS) Shares Purchased by Hollencrest Capital Management

Hollencrest Capital Management grew its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,960 shares of the basic materials company’s stock after buying an additional 1,500 shares during the quarter. Hollencrest Capital Management’s holdings in Pan American Silver were worth $775,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in PAAS. Mark Sheptoff Financial Planning LLC lifted its position 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 period. Perritt Capital Management Inc. raised its holdings in Pan American Silver by 76.9% during the first 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 last quarter. CWM LLC boosted its position in Pan American Silver by 31.6% during the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 510 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in Pan American Silver by 73.3% in the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of Pan American Silver by 446.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 8,781 shares of the basic materials company’s stock valued at $143,000 after buying an additional 7,174 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analysts Set New Price Targets

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

Pan American Silver Stock Up 3.0 %

Shares of Pan American Silver stock opened at $21.03 on Friday. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $24.27. The company has a market capitalization of $7.63 billion, a PE ratio of -45.72 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. The business has a 50-day moving average of $21.00 and a 200-day moving average of $19.45.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The company 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 company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share. As a group, equities analysts forecast that Pan American Silver Corp. will post 0.59 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, August 19th. Pan American Silver’s dividend payout ratio (DPR) is presently -86.96%.

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.