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

Hollencrest Capital Management increased its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 9.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,701 shares of the basic materials company’s stock after buying an additional 3,210 shares during the quarter. Hollencrest Capital Management’s holdings in Pan American Silver were worth $1,000,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Pan American Silver by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company’s stock worth $283,385,000 after purchasing an additional 221,561 shares in the last quarter. FIL Ltd raised its holdings in Pan American Silver by 4.6% during the fourth quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company’s stock worth $270,848,000 after purchasing an additional 584,017 shares in the last quarter. Norges Bank purchased a new position in Pan American Silver during the fourth quarter worth about $91,916,000. Ameriprise Financial Inc. raised its holdings in Pan American Silver by 18.3% during the fourth quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company’s stock worth $63,658,000 after purchasing an additional 486,622 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Pan American Silver by 32.2% during the fourth quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company’s stock worth $40,776,000 after purchasing an additional 494,133 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of PAAS opened at $28.21 on Friday. The stock has a market cap of $10.21 billion, a P/E ratio of 32.36, a P/E/G ratio of 0.45 and a beta of 0.67. The business’s fifty day moving average is $27.14 and its 200 day moving average is $25.19. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $31.03. The company has a quick ratio of 1.94, a current ratio of 2.93 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.23. The company had revenue of $773.20 million for the quarter, compared to analysts’ expectations of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 earnings per share. Sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were issued a $0.10 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.42%. Pan American Silver’s dividend payout ratio (DPR) is presently 45.98%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PAAS. Scotiabank restated a “sector perform” rating on shares of Pan American Silver in a research report on Monday, April 14th. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. TD Securities reduced their target price on shares of Pan American Silver from $30.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, May 22nd. CIBC reiterated an “outperform” rating on shares of Pan American Silver in a report on Tuesday. Finally, Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 15th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average price target of $31.40.

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.