Hollencrest Capital Management Raises Position in Pan American Silver Corp. $PAAS

Hollencrest Capital Management increased its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 214.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 121,633 shares of the basic materials company’s stock after buying an additional 82,932 shares during the period. Hollencrest Capital Management’s holdings in Pan American Silver were worth $4,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. City State Bank grew its holdings in Pan American Silver by 74.4% during the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 435 shares during the period. Wolverine Asset Management LLC bought a new stake in Pan American Silver during the third quarter worth approximately $58,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Pan American Silver by 53.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 594 shares during the last quarter. Dakota Community Bank & Trust NA purchased a new stake in Pan American Silver in the third quarter worth $66,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Pan American Silver in the second quarter valued at approximately $51,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 2.3%

Pan American Silver stock opened at $65.82 on Thursday. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12. The stock has a market cap of $27.77 billion, a PE ratio of 38.05, a P/E/G ratio of 0.70 and a beta of 0.67. The stock has a 50-day moving average price of $51.35 and a 200 day moving average price of $40.40. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data 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). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The company had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. During the same period in the prior year, the company earned $0.32 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. Equities research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were paid a dividend of $0.14 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, November 24th. Pan American Silver’s payout ratio is 32.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Scotiabank upped their price target on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday. Wall Street Zen upgraded Pan American Silver from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Jefferies Financial Group decreased their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.83.

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.