Hillsdale Investment Management Inc. Sells 204,810 Shares of Pan American Silver Corp. $PAAS

Hillsdale Investment Management Inc. lessened its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 31.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 441,590 shares of the basic materials company’s stock after selling 204,810 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.10% of Pan American Silver worth $22,935,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in Pan American Silver by 151.8% during the 3rd 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 period. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver during the 4th quarter valued at $41,000. Rothschild Investment LLC bought a new stake in Pan American Silver during the 3rd quarter valued at $36,000. Trust Co. of Vermont bought a new stake in Pan American Silver during the 4th quarter valued at $48,000. Finally, Allworth Financial LP raised its holdings in Pan American Silver by 92.9% during the 4th quarter. Allworth Financial LP now owns 1,005 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 484 shares during the period. Institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PAAS shares. TD Cowen raised shares of 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 report on Tuesday, May 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Monday, May 11th. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the company an “outperform” rating in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Pan American Silver Stock Up 3.3%

PAAS opened at $57.00 on Friday. The company has a fifty day moving average price of $55.26 and a 200-day moving average price of $54.00. The firm has a market capitalization of $24.02 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 0.43 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. Pan American Silver Corp. has a one year low of $23.88 and a one year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The firm 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 business’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. Equities research analysts expect that Pan American Silver Corp. will post 4.65 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

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