Hara Capital LLC Purchases 18,872 Shares of Pan American Silver Corp. (NYSE:PAAS)

Hara Capital LLC raised its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 16.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,146 shares of the basic materials company’s stock after purchasing an additional 18,872 shares during the period. Pan American Silver comprises 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 reporting period.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC raised its stake in Pan American Silver by 2.9% in the first quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock worth $714,000 after buying an additional 1,336 shares in the last quarter. Retirement Planning Co of New England Inc. raised its holdings in Pan American Silver by 13.8% in the first quarter. Retirement Planning Co of New England Inc. now owns 25,594 shares of the basic materials company’s stock worth $386,000 after purchasing an additional 3,094 shares in the last quarter. Fore Capital LLC purchased a new stake in shares of Pan American Silver during the first quarter valued at about $256,000. Foundry Partners LLC boosted its holdings in shares of Pan American Silver by 11.6% in the 1st quarter. Foundry Partners LLC now owns 247,676 shares of the basic materials company’s stock valued at $3,735,000 after buying an additional 25,835 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Pan American Silver by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock worth $199,440,000 after acquiring an additional 159,908 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on PAAS. Scotiabank upped their price target on Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 16th. CIBC increased their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Royal Bank of Canada raised their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group upped their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.93.

Pan American Silver Stock Up 2.3 %

Shares of PAAS traded up $0.52 during midday trading on Thursday, reaching $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 company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. The company has a market cap of $8.35 billion, a price-to-earnings ratio of -57.51 and a beta of 1.33. The company’s fifty day simple moving average is $21.83 and its two-hundred day simple moving average is $21.13.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). The business had revenue of $686.30 million for the quarter, compared to analyst estimates of $696.08 million. Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. Pan American Silver’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $0.04 EPS. Equities research analysts expect that Pan American Silver Corp. will post 0.66 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is -102.56%.

About Pan American Silver

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.