Hara Capital LLC Invests $842,000 in Pan American Silver Corp. $PAAS

Hara Capital LLC acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,793 shares of the basic materials company’s stock, valued at approximately $842,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after purchasing an additional 274,168 shares during the last quarter. Invesco Ltd. increased its stake in shares of Pan American Silver by 9.8% in the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock worth $383,365,000 after purchasing an additional 882,135 shares during the period. BlackRock Inc. acquired a new position in shares of Pan American Silver during the 2nd quarter worth about $375,948,000. FIL Ltd lifted its position in shares of Pan American Silver by 154.7% during the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after purchasing an additional 4,438,478 shares during the last quarter. Finally, Norges Bank bought a new stake in Pan American Silver during the 4th quarter valued at approximately $303,611,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 3.3%

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

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) 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 business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 38.4% compared to the same quarter last year. Analysts predict that Pan American Silver Corp. will post 4.03 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be given a dividend of $0.184 per share. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, August 24th. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. Pan American Silver’s dividend payout ratio (DPR) is presently 21.75%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a research 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 objective for the company in a research report on Monday, May 11th. Scotiabank restated an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Bank of America dropped their target price on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Weiss Ratings cut shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.43.

About Pan American Silver

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.