Hara Capital LLC Acquires Shares of 18,793 Pan American Silver Corp. $PAAS

Hara Capital LLC bought a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,793 shares of the basic materials company’s stock, valued at approximately $842,000.

A number of other institutional investors also recently modified their holdings of the stock. Fifth Third Bancorp grew its holdings in shares of Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 481 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 387 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Pan American Silver during the fourth quarter worth $34,000. Danske Bank A S purchased a new stake in shares of Pan American Silver during the second quarter worth $30,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PAAS shares. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and boosted their target price for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Weiss Ratings downgraded Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. BMO Capital Markets reiterated a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. 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. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a report on Tuesday, April 28th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and a consensus price target of $70.43.

Pan American Silver Trading Up 3.3%

Shares of NYSE:PAAS opened at $51.95 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $21.67 billion, a PE ratio of 15.69, a P/E/G ratio of 4.67 and a beta of 0.73. Pan American Silver Corp. has a 1 year low of $31.16 and a 1 year high of $69.99. The firm has a fifty day moving average price of $46.22 and a 200 day moving average price of $52.75.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business earned $0.43 earnings per share. Pan American Silver’s quarterly revenue was up 38.4% on a year-over-year basis. Analysts expect that Pan American Silver Corp. will post 4.03 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be paid a $0.184 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s dividend payout ratio (DPR) is 21.75%.

Pan American Silver Company 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.