Goehring & Rozencwajg Associates LLC Sells 6,034 Shares of Pan American Silver Corp. (NYSE:PAAS)

Goehring & Rozencwajg Associates LLC reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 276,376 shares of the basic materials company’s stock after selling 6,034 shares during the quarter. Goehring & Rozencwajg Associates LLC’s holdings in Pan American Silver were worth $5,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Pan American Silver by 156.4% during the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after purchasing an additional 37,480 shares during the last quarter. Stratos Wealth Advisors LLC lifted its stake in shares of Pan American Silver by 33.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock worth $3,324,000 after buying an additional 39,873 shares during the last quarter. Marlin Sams Capital Management LLC boosted its holdings in shares of Pan American Silver by 89.2% during the 3rd quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock worth $14,609,000 after buying an additional 330,000 shares during the period. U S Global Investors Inc. grew its stake in Pan American Silver by 66.7% in the 3rd quarter. U S Global Investors Inc. now owns 50,000 shares of the basic materials company’s stock valued at $1,044,000 after buying an additional 20,000 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Pan American Silver during the third quarter worth approximately $1,659,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Down 0.9 %

Shares of Pan American Silver stock opened at $24.57 on Friday. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $26.05. The company has a 50-day simple moving average of $21.93 and a two-hundred day simple moving average of $21.73.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.42.

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.