Hollencrest Capital Management Raises Stake in Pan American Silver Corp. (NYSE:PAAS)

Hollencrest Capital Management raised its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 12.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,641 shares of the basic materials company’s stock after purchasing an additional 4,681 shares during the quarter. Hollencrest Capital Management’s holdings in Pan American Silver were worth $911,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Eastern Bank bought a new stake in Pan American Silver in the third quarter worth $28,000. Mark Sheptoff Financial Planning LLC increased its position in Pan American Silver by 943.4% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 1,500 shares during the last quarter. CWM LLC increased its position in 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 purchasing an additional 510 shares during the last quarter. Perritt Capital Management Inc. increased its position 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 valued at $35,000 after acquiring an additional 1,000 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its position in Pan American Silver by 73.3% during the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 2,200 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

PAAS has been the topic of a number of analyst reports. Jefferies Financial Group boosted their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Scotiabank upped their price target on shares of Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 16th. Finally, Royal Bank of Canada upped their price target 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.93.

Pan American Silver Stock Down 4.6 %

Shares of PAAS stock traded down $1.08 during mid-day trading on Friday, hitting $22.33. 932,083 shares of the stock traded hands, compared to its average volume of 4,053,959. The stock has a market cap of $8.11 billion, a P/E ratio of -60.00 and a beta of 1.33. 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 stock’s fifty day moving average is $21.89 and its two-hundred day moving average is $21.14. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $26.05.

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 company had revenue of $686.30 million during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. Equities analysts predict that Pan American Silver Corp. will post 0.66 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a $0.10 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.79%. Pan American Silver’s dividend payout ratio (DPR) is presently -102.56%.

Pan American Silver 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.