Hillsdale Investment Management Inc. Grows Holdings in Pan American Silver Corp. (NYSE:PAAS)

Hillsdale Investment Management Inc. grew its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 204.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 412,800 shares of the basic materials company’s stock after buying an additional 277,300 shares during the quarter. Hillsdale Investment Management Inc. owned 0.11% of Pan American Silver worth $8,342,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ingalls & Snyder LLC lifted its stake in Pan American Silver by 5.4% during the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock worth $34,920,000 after purchasing an additional 89,011 shares during the last quarter. Amundi lifted its stake in Pan American Silver by 5.6% during the fourth quarter. Amundi now owns 1,547,331 shares of the basic materials company’s stock worth $33,175,000 after purchasing an additional 82,187 shares during the last quarter. Geode Capital Management LLC lifted its stake in Pan American Silver by 7.6% during the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock worth $31,713,000 after purchasing an additional 108,039 shares during the last quarter. American Century Companies Inc. lifted its stake in Pan American Silver by 3.9% during the fourth quarter. American Century Companies Inc. now owns 1,392,853 shares of the basic materials company’s stock worth $28,168,000 after purchasing an additional 52,777 shares during the last quarter. Finally, FMR LLC lifted its stake in Pan American Silver by 1,834.8% during the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $25.73 on Friday. Pan American Silver Corp. has a fifty-two week low of $13.79 and a fifty-two week high of $27.47. The firm’s 50-day simple moving average is $23.97 and its 200 day simple moving average is $22.57. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The stock has a market cap of $9.32 billion, a P/E ratio of 80.42 and a beta of 1.25.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The business had revenue of $815.10 million for the quarter, compared to analysts’ expectations of $805.20 million. Equities analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

Analyst Ratings Changes

Several equities research analysts have weighed in on PAAS shares. Royal Bank of Canada increased their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Scotiabank raised their target price on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and cut their target price for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Pan American Silver presently has an average rating of “Hold” and a consensus target price of $27.92.

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.