Pan American Silver Corp. $PAAS Stock Position Raised by Hollencrest Capital Management

Hollencrest Capital Management boosted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 214.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 121,633 shares of the basic materials company’s stock after buying an additional 82,932 shares during the quarter. 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.

Several other large investors have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB lifted its position in Pan American Silver by 18.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,373 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 364 shares during the period. City State Bank increased its stake in Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after buying an additional 435 shares during the period. Truist Financial Corp raised its holdings in shares of Pan American Silver by 0.9% during the third quarter. Truist Financial Corp now owns 50,796 shares of the basic materials company’s stock worth $1,967,000 after acquiring an additional 436 shares in the last quarter. Signaturefd LLC raised its position in Pan American Silver by 5.5% during the second quarter. Signaturefd LLC now owns 9,042 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 475 shares in the last quarter. Finally, CWM LLC grew its holdings in Pan American Silver by 32.1% during the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Ratings Changes

PAAS has been the topic of several research analyst reports. Jefferies Financial Group lowered their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Scotiabank increased their price objective on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday. Wall Street Zen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.83.

Pan American Silver Stock Up 2.3%

Shares of NYSE:PAAS opened at $65.82 on Thursday. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.12, a quick ratio of 1.55 and a current ratio of 2.31. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99. The company’s fifty day moving average is $51.35 and its 200-day moving average is $40.40.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $867.76 million. During the same period last year, the company earned $0.32 earnings per share. Pan American Silver’s revenue for the quarter 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 company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a dividend of $0.14 per share. The ex-dividend date was Monday, November 24th. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.9%. Pan American Silver’s dividend payout ratio is 32.37%.

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.