Hillsdale Investment Management Inc. Grows Stock Holdings in Pan American Silver Corp. $PAAS

Hillsdale Investment Management Inc. grew its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 35.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 329,100 shares of the basic materials company’s stock after acquiring an additional 85,700 shares during the period. Hillsdale Investment Management Inc.’s holdings in Pan American Silver were worth $9,345,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cadence Wealth Management LLC increased its holdings in Pan American Silver by 6.4% during the 2nd quarter. Cadence Wealth Management LLC now owns 43,759 shares of the basic materials company’s stock valued at $1,243,000 after purchasing an additional 2,629 shares during the period. Entropy Technologies LP bought a new stake in shares of Pan American Silver in the 2nd quarter worth approximately $902,000. Swiss National Bank increased its stake in shares of Pan American Silver by 6.5% during the second quarter. Swiss National Bank now owns 1,100,419 shares of the basic materials company’s stock valued at $31,105,000 after buying an additional 67,300 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in shares of Pan American Silver by 111.5% during the second quarter. Dynamic Technology Lab Private Ltd now owns 46,651 shares of the basic materials company’s stock valued at $1,325,000 after acquiring an additional 24,596 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in Pan American Silver in the second quarter worth $3,314,000. 55.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PAAS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Monday. CIBC boosted their price target on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research note on Friday, September 5th. National Bank Financial raised Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.25.

Pan American Silver Trading Down 6.6%

NYSE PAAS opened at $36.46 on Friday. Pan American Silver Corp. has a 12 month low of $19.80 and a 12 month high of $42.57. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average price is $37.37 and its 200-day moving average price is $31.84. The stock has a market cap of $15.39 billion, a P/E ratio of 25.15, a P/E/G ratio of 0.44 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The firm had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. During the same quarter in the previous year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, November 24th. This is a positive change 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 1.5%. Pan American Silver’s dividend payout ratio is currently 32.37%.

Pan American Silver 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.