Hollencrest Capital Management Has $718,000 Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Hollencrest Capital Management lowered its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 18.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,491 shares of the basic materials company’s stock after selling 8,150 shares during the period. Hollencrest Capital Management’s holdings in Pan American Silver were worth $718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Ingalls & Snyder LLC grew its position in shares of Pan American Silver by 5.4% in the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock valued at $34,920,000 after buying an additional 89,011 shares during the last quarter. Amundi boosted its holdings in Pan American Silver by 5.6% in the fourth quarter. Amundi now owns 1,547,331 shares of the basic materials company’s stock worth $33,175,000 after acquiring an additional 82,187 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Pan American Silver by 7.6% in 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. FMR LLC raised its stake in shares of Pan American Silver by 1,834.8% in 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. Finally, National Bank of Canada FI increased its position in shares of Pan American Silver by 30.1% during the third quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock valued at $23,857,000 after acquiring an additional 264,772 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

Pan American Silver Stock Performance

Pan American Silver stock opened at $24.45 on Wednesday. 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 company has a market capitalization of $8.85 billion, a P/E ratio of 76.39 and a beta of 1.25. The stock’s 50 day moving average is $23.18 and its 200 day moving average is $22.30. Pan American Silver Corp. has a twelve month low of $13.52 and a twelve month high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $815.10 million for the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. On average, equities research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. Pan American Silver’s payout ratio is presently 125.00%.

About Pan American Silver

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.