Hollencrest Capital Management Increases Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

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

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC lifted its holdings in Pan American Silver by 15,618.3% in the 1st quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock valued at $57,340,000 after purchasing an additional 3,779,309 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Pan American Silver by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock valued at $824,632,000 after purchasing an additional 2,328,306 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in Pan American Silver in the 2nd quarter valued at $38,116,000. Bank of New York Mellon Corp lifted its holdings in Pan American Silver by 366.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,601,137 shares of the basic materials company’s stock valued at $31,831,000 after purchasing an additional 1,258,205 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Pan American Silver by 51.1% in the 2nd quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock valued at $62,107,000 after purchasing an additional 1,056,981 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 4.6 %

Shares of PAAS stock traded down $1.08 during trading hours on Friday, reaching $22.33. 932,083 shares of the stock were exchanged, compared to its average volume of 4,053,959. The business’s fifty day moving average is $21.89 and its two-hundred day moving average is $21.14. 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 Corp. has a 12-month low of $12.16 and a 12-month high of $26.05. The firm has a market capitalization of $8.11 billion, a P/E ratio of -60.00 and a beta of 1.33.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly 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 business had revenue of $686.30 million during the quarter, compared to analyst estimates 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 last year, the company earned $0.04 earnings per share. As a group, research analysts expect that Pan American Silver Corp. will post 0.66 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver’s payout ratio is currently -102.56%.

Wall Street Analysts Forecast Growth

PAAS has been the topic of a number of research reports. Royal Bank of Canada raised their price objective on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group lifted their price target on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, Scotiabank lifted their price target on Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average target price of $24.93.

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.