[ad_1]
Royal Bank of Canada decreased its position in Pan American Silver Corp. by 8.5%. (NASDAQ: PAAS) (TSE: PAAS) In the first quarter, according to its most recent Form 13F filed with the SEC, the institutional investor held 209,536 shares in the base materials company after selling 19,490 shares to the company. during the period. At the end of the last quarter,
A number of other institutional investors and hedge funds have also recently added or reduced their holdings in the company LPL Financial LLC has increased its position in Pan American shares Silver of 4.0% in LPL Financial LLC now holds 77,864 shares of the base materials company valued at $ 1,258,000 after purchasing 2,972 additional shares during the period. American Silver 4.9% in the first quarter. Baird Financial Group Inc. now holds 135,476 shares of the base materials company valued at $ 2,188,000 after purchasing 6,362 additional shares during the period. Raymond James & Associates increased its position in Pan American Silver by 6.4% in the fourth quarter. Raymond James & Associates now holds 109,451 shares of the base materials company valued at $ 1,703,000 after purchasing 6,570 additional shares during the period. Cheviot Value Management LLC strengthened its position in Pan American Silver by 2.7% in the first quarter. Cheviot Value Management LLC now holds 253,676 shares of the company's core materials company valued at $ 4,097,000 after acquiring an additional 6,675 shares in the last quarter. Finally, Legal & General Group Plc strengthened its holdings in Pan American Silver by 33.7% in the first quarter. Legal & General Group Plc now holds 41,121 shares of the base materials company valued at $ 662,000 after purchasing an additional 10,368 shares in the last quarter. 49.63% of the shares are held by institutional investors.
Several research firms have weighed on PAAS. Scotiabank downgraded Pan American Silver shares from "outperformance" to "sector perform" and set a target price of $ 18.00 on the stock. in a report on Monday. Zacks Investment Research lowered Pan American Silver shares from a "hold" rating to a "sell" rating in a report on Sunday, July 15th. Canaccord Genuity reiterated a "buy" note and issued a target price of $ 20.00 on Pan American Silver shares in a report on Friday, July 13. BidaskClub lowered Pan American Silver shares from a "hold" note to a "sell" note in a report on Thursday, July 12. Finally, Deutsche Bank lowered the shares of Pan American Silver from a "buy" note to a "hold" note and set a target price of $ 19.00 on the stock. in a report on Wednesday, July 11th. Two badysts evaluated the stock with a sales note, four gave a reserve note and nine gave a purchase note to the company. The stock has a consensual "Hold" rating and a $ 20.85 consensus target price
Pan American Silver opened at $ 16.37 on Friday, according to reports from Marketbeat Ratings. The stock has a market capitalization of $ 2.52 billion, a price / earnings ratio of 32.10, a PEG ratio of 6.20 and a beta of 0.30. Pan American Silver Corp. has a minimum of $ 13.99 in one year and a high of $ 19.56 in one year.
Pan American Silver (NASDAQ: PAAS) (TSE: PAAS) last released its quarterly results on Wednesday, May 9th. The base materials company reported earnings per share (EPS) of $ 0.20 for the quarter, surpbading badysts' estimates of $ 0.16 by $ 0.04. The business generated a turnover of $ 206.96 million for the quarter, compared to a consensus estimate of $ 215.73 million. Pan American Silver recorded a net margin of 18.19% and a return on equity of 6.35%. Company revenues increased 4.2% from one year to the next. During the same period of the previous year, the company earned $ 0.06 per share. Equity research badysts predict that Pan American Silver Corp. will display 0.66 earnings per share for the current fiscal year.
Pan American Profile of Money
Pan American Silver Corp., with its subsidiaries, engaged in the exploration, extraction, processing, processing, refining and upgrading of silver mines. The company owns and operates silver mines 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.
Further Reading: Do Wall Street Analyst Stocks Worth Being Followed?
Want to see which other hedge funds hold PAAS? Visit HoldingsChannel.com to get the latest deposits and 13F insider trading for Pan American Silver Corp. (NASDAQ: PAAS) (TSE: PAAS).
Receive news and ratings of Pan American Silver Daily – Enter your email address below to receive a concise daily summary of the breaking news and badyst ratings for Pan American Silver and related companies with MarketBeat.com's free daily newsletter.
Source link
