Hara Capital LLC Lowers Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Hara Capital LLC trimmed its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 52.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,812 shares of the basic materials company's stock after selling 68,834 shares during the period. Pan American Silver makes up about 1.1% of Hara Capital LLC's holdings, making the stock its 25th largest holding. Hara Capital LLC's holdings in Pan American Silver were worth $1,597,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Pan American Silver by 6.0% in the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock valued at $160,000 after acquiring an additional 451 shares in the last quarter. US Bancorp DE raised its stake in shares of Pan American Silver by 9.6% in the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after acquiring an additional 539 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after acquiring an additional 549 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Pan American Silver by 2.4% in the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock valued at $611,000 after acquiring an additional 715 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Pan American Silver by 39.8% in the first quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock valued at $70,000 after acquiring an additional 775 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PAAS. CIBC increased their price objective on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research note on Thursday, May 8th. TD Securities cut their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. BMO Capital Markets initiated coverage on Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating on the stock. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Finally, National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $30.60.

Pan American Silver Stock Up 3.4%

Pan American Silver stock traded up $0.99 during midday trading on Friday, reaching $30.33. The company's stock had a trading volume of 7,831,073 shares, compared to its average volume of 3,986,115. The business has a 50-day simple moving average of $26.79 and a 200-day simple moving average of $25.01. The company has a market cap of $10.98 billion, a P/E ratio of 34.86, a P/E/G ratio of 0.53 and a beta of 0.67. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $30.48. The company has a quick ratio of 1.94, a current ratio of 2.93 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.23. The company had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The business's quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 earnings per share. On average, research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's payout ratio is 45.98%.

Pan American Silver Company 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.