Hillsdale Investment Management Inc. Purchases 277,300 Shares of Pan American Silver Corp. (NYSE:PAAS)

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

Other hedge funds have also added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver during the fourth quarter worth $27,000. Laurel Wealth Advisors LLC bought a new stake in shares of Pan American Silver in the 4th quarter valued at about $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Pan American Silver in the 3rd quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Pan American Silver during the fourth quarter worth about $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in Pan American Silver during the fourth quarter worth approximately $32,000. Institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PAAS. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Scotiabank lifted their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Tuesday, February 25th. Royal Bank of Canada increased their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, TD Securities downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and reduced their target price for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Pan American Silver has a consensus rating of "Hold" and an average target price of $27.92.

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Pan American Silver Stock Performance

Shares of PAAS traded up $0.31 during midday trading on Tuesday, reaching $26.18. 1,342,382 shares of the stock were exchanged, compared to its average volume of 3,126,268. The stock's 50 day simple moving average is $24.08 and its 200 day simple moving average is $22.67. The company has a market cap of $9.48 billion, a P/E ratio of 81.85 and a beta of 1.25. Pan American Silver Corp. has a twelve month low of $13.91 and a twelve month high of $27.47. The company has a quick ratio of 0.96, a current ratio of 2.50 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, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts' expectations of $805.20 million. On average, sell-side analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.53%. Pan American Silver's dividend payout ratio (DPR) 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.