Clean Yield Group decreased its position in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,161 shares of the basic materials company’s stock after selling 900 shares during the quarter. Clean Yield Group’s holdings in Pan American Silver were worth $312,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Usca Ria LLC acquired a new stake in shares of Pan American Silver during the 3rd quarter valued at $36,000. Flagship Harbor Advisors LLC boosted its holdings in shares of Pan American Silver by 339.8% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 3,395 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 2,623 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Pan American Silver during the 3rd quarter valued at $126,000. Tower Research Capital LLC TRC boosted its holdings in shares of Pan American Silver by 25.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,345 shares of the basic materials company’s stock valued at $162,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Violich Capital Management Inc. acquired a new stake in shares of Pan American Silver during the 4th quarter valued at $206,000. 53.92% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on PAAS shares. B. Riley cut their price objective on Pan American Silver from $23.20 to $19.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Zacks Investment Research raised Pan American Silver from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Saturday, December 21st. BidaskClub raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 21st. ValuEngine downgraded Pan American Silver from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Deutsche Bank downgraded Pan American Silver from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Pan American Silver currently has a consensus rating of “Buy” and a consensus target price of $23.14.
Shares of PAAS opened at $21.34 on Friday. The company has a market capitalization of $4.47 billion, a PE ratio of 54.71, a PEG ratio of 6.31 and a beta of 0.12. Pan American Silver Corp. has a 12 month low of $10.26 and a 12 month high of $24.02. The stock’s 50-day moving average price is $21.83 and its two-hundred day moving average price is $17.82. The company has a current ratio of 2.76, a quick ratio of 1.50 and a debt-to-equity ratio of 0.14.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.25. The firm had revenue of $352.19 million for the quarter, compared to the consensus estimate of $324.87 million. Pan American Silver had a return on equity of 4.09% and a net margin of 2.51%. The business’s quarterly revenue was up 87.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) EPS. Equities research analysts predict that Pan American Silver Corp. will post 0.61 EPS for the current fiscal year.
Pan American Silver Company Profile
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.
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