Marlin Sams Capital Management LLC Purchases 330,000 Shares of Pan American Silver Corp. (NYSE:PAAS)

Marlin Sams Capital Management LLC boosted its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 89.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 700,000 shares of the basic materials company's stock after purchasing an additional 330,000 shares during the quarter. Pan American Silver makes up 7.6% of Marlin Sams Capital Management LLC's portfolio, making the stock its 3rd biggest holding. Marlin Sams Capital Management LLC owned approximately 0.19% of Pan American Silver worth $14,609,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PAAS. Eastern Bank purchased a new stake in Pan American Silver during the third quarter valued at about $28,000. Mark Sheptoff Financial Planning LLC increased its position in Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company's stock worth $33,000 after purchasing an additional 1,500 shares in the last quarter. CWM LLC raised its holdings in Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company's stock valued at $42,000 after buying an additional 510 shares during the period. Perritt Capital Management Inc. lifted its position in Pan American Silver by 76.9% during the first quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company's stock valued at $35,000 after buying an additional 1,000 shares in the last quarter. Finally, UniSuper Management Pty Ltd grew its stake in Pan American Silver by 73.3% during the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company's stock worth $78,000 after buying an additional 2,200 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PAAS shares. Royal Bank of Canada increased their price target on Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Jefferies Financial Group raised their target price on Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a report on Friday, October 4th. Finally, Scotiabank boosted their price target on Pan American Silver from $23.00 to $26.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $24.93.

Pan American Silver Stock Performance

NYSE PAAS traded down $0.77 during trading hours on Friday, hitting $22.64. The company had a trading volume of 2,957,188 shares, compared to its average volume of 3,922,345. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $26.05. The firm has a market cap of $8.22 billion, a P/E ratio of -133.18 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $21.94 and a 200-day simple moving average of $21.17.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). Pan American Silver had a negative net margin of 2.37% and a positive return on equity of 3.06%. The firm had revenue of $686.30 million during the quarter, compared to the consensus estimate of $696.08 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts predict that Pan American Silver Corp. will post 0.66 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. Pan American Silver's dividend payout ratio (DPR) is -235.29%.

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.