Hillsdale Investment Management Inc. Trims Stake in Pan American Silver Corp. $PAAS

Hillsdale Investment Management Inc. reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 31.7% in the fourth quarter, Holdings Channel reports. The firm owned 441,590 shares of the basic materials company’s stock after selling 204,810 shares during the period. Hillsdale Investment Management Inc.’s holdings in Pan American Silver were worth $22,935,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 387 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver during the fourth quarter worth about $41,000. Rothschild Investment LLC bought a new stake in Pan American Silver during the third quarter worth about $36,000. Trust Co. of Vermont bought a new stake in Pan American Silver during the fourth quarter worth about $48,000. Finally, Allworth Financial LP lifted its stake in Pan American Silver by 92.9% during the fourth quarter. Allworth Financial LP now owns 1,005 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 484 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PAAS shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Pan American Silver in a research note on Tuesday, April 28th. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and lifted their price target for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Pan American Silver Stock Performance

NYSE PAAS opened at $57.00 on Friday. The company has a 50-day simple moving average of $55.26 and a two-hundred day simple moving average of $54.00. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 12-month low of $23.88 and a 12-month high of $69.99. The firm has a market cap of $24.02 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 0.43 and a beta of 0.65.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company’s revenue was up 49.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. On average, equities analysts forecast that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, May 19th. Pan American Silver’s dividend payout ratio is 23.15%.

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.