Pan American Silver Corp. (NASDAQ:PAAS) Position Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 83.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,400 shares of the basic materials company’s stock after purchasing an additional 2,000 shares during the period. PNC Financial Services Group Inc.’s holdings in Pan American Silver were worth $64,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Trust Co. of Vermont acquired a new position in Pan American Silver during the 4th quarter valued at about $29,000. LPL Financial LLC increased its stake in shares of Pan American Silver by 3.7% in the 4th quarter. LPL Financial LLC now owns 81,489 shares of the basic materials company’s stock valued at $1,190,000 after acquiring an additional 2,874 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Pan American Silver by 29.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 21,500 shares of the basic materials company’s stock valued at $314,000 after acquiring an additional 4,900 shares during the last quarter. Swiss National Bank increased its stake in shares of Pan American Silver by 2.5% in the 3rd quarter. Swiss National Bank now owns 275,500 shares of the basic materials company’s stock valued at $4,046,000 after acquiring an additional 6,600 shares during the last quarter. Finally, Clean Yield Group bought a new stake in shares of Pan American Silver in the 4th quarter valued at about $110,000. Institutional investors own 52.62% of the company’s stock.

A number of analysts have recently commented on PAAS shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $21.00 price target on shares of Pan American Silver in a research note on Friday, February 22nd. ValuEngine cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. B. Riley reissued a “neutral” rating and set a $12.50 target price (down from $22.00) on shares of Pan American Silver in a research note on Friday, March 1st. BidaskClub downgraded Pan American Silver from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 4th. Finally, TheStreet downgraded Pan American Silver from a “b-” rating to a “c” rating in a research report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.97.

Shares of NASDAQ PAAS traded down $0.22 during trading hours on Friday, hitting $12.66. The company had a trading volume of 2,276,150 shares, compared to its average volume of 1,622,883. The company has a market cap of $1.94 billion, a PE ratio of 32.46, a PEG ratio of 11.22 and a beta of -0.13. Pan American Silver Corp. has a 1-year low of $12.12 and a 1-year high of $18.75.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, February 20th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). The company had revenue of $173.40 million during the quarter, compared to analyst estimates of $179.03 million. Pan American Silver had a net margin of 1.38% and a return on equity of 3.80%. The company’s quarterly revenue was down 23.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS. As a group, equities analysts predict that Pan American Silver Corp. will post 0.28 EPS for the current fiscal year.

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About Pan American Silver

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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Institutional Ownership by Quarter for Pan American Silver (NASDAQ:PAAS)

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