Aperio Group LLC grew its holdings in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,585 shares of the basic materials company’s stock after buying an additional 7,576 shares during the quarter. Aperio Group LLC’s holdings in Pan American Silver were worth $2,592,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. LPL Financial LLC raised its holdings in shares of Pan American Silver by 4.0% in the 1st quarter. LPL Financial LLC now owns 77,864 shares of the basic materials company’s stock valued at $1,258,000 after purchasing an additional 2,972 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Pan American Silver by 12.8% in the 1st quarter. Guggenheim Capital LLC now owns 203,370 shares of the basic materials company’s stock valued at $3,283,000 after purchasing an additional 23,023 shares during the period. Legal & General Group Plc raised its holdings in shares of Pan American Silver by 33.7% in the 1st quarter. Legal & General Group Plc now owns 41,121 shares of the basic materials company’s stock valued at $662,000 after purchasing an additional 10,368 shares during the period. Pendal Group Ltd raised its holdings in shares of Pan American Silver by 14.1% in the 2nd quarter. Pendal Group Ltd now owns 868,845 shares of the basic materials company’s stock valued at $15,552,000 after purchasing an additional 107,063 shares during the period. Finally, Foundry Partners LLC raised its holdings in shares of Pan American Silver by 9.7% in the 2nd quarter. Foundry Partners LLC now owns 582,940 shares of the basic materials company’s stock valued at $10,435,000 after purchasing an additional 51,330 shares during the period. 49.23% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Pan American Silver from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 31st. Canaccord Genuity reaffirmed a “buy” rating and issued a $20.00 target price on shares of Pan American Silver in a report on Friday, July 13th. ValuEngine raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. Zacks Investment Research cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. Finally, Scotiabank cut shares of Pan American Silver from an “outperform” rating to a “sector perform” rating and set a $18.00 target price on the stock. in a report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $20.33.
Shares of PAAS opened at $15.07 on Wednesday. Pan American Silver Corp. has a 52 week low of $13.97 and a 52 week high of $18.75. The stock has a market capitalization of $2.37 billion, a P/E ratio of 29.55, a P/E/G ratio of 6.89 and a beta of 0.21.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, August 8th. The basic materials company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.07. Pan American Silver had a net margin of 17.95% and a return on equity of 7.06%. The business had revenue of $216.46 million for the quarter, compared to analyst estimates of $213.63 million. Equities analysts forecast that Pan American Silver Corp. will post 0.56 earnings per share for the current year.
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About Pan American Silver
Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.
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