Hara Capital LLC Grows Position in Pan American Silver Corp. (NYSE:PAAS)

Hara Capital LLC raised its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 16.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,146 shares of the basic materials company’s stock after buying an additional 18,872 shares during the quarter. Pan American Silver makes up approximately 1.7% of Hara Capital LLC’s portfolio, making the stock its 16th biggest position. Hara Capital LLC’s holdings in Pan American Silver were worth $2,800,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CWM LLC lifted its position in Pan American Silver by 31.6% during the 2nd 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. US Bancorp DE grew its position in Pan American Silver by 13.4% in the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after buying an additional 660 shares during the last quarter. Signaturefd LLC increased its stake in Pan American Silver by 11.6% in the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after buying an additional 774 shares during the period. Perritt Capital Management Inc. raised its position in Pan American Silver by 76.9% during the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after buying an additional 1,000 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Pan American Silver by 2.9% in the 1st quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock worth $714,000 after acquiring an additional 1,336 shares during the period. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Pan American Silver stock traded up $0.52 during trading hours on Thursday, hitting $22.99. The stock had a trading volume of 810,970 shares, compared to its average volume of 4,054,885. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $26.05. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of -57.51 and a beta of 1.33. The stock’s fifty day moving average is $21.83 and its two-hundred day moving average is $21.13. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Pan American Silver’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. As a group, analysts predict that Pan American Silver Corp. will post 0.66 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.74%. Pan American Silver’s dividend payout ratio is currently -102.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Scotiabank raised their price objective on shares of 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. Jefferies Financial Group lifted their price target on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Royal Bank of Canada increased their price objective on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, CIBC raised their target price on Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.93.

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.