Great West Life Assurance Co. Can increased its holdings in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 18.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,379 shares of the basic materials company’s stock after buying an additional 4,644 shares during the period. Great West Life Assurance Co. Can’s holdings in Pan American Silver were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Trust Co. of Vermont acquired a new position in shares of Pan American Silver during the 4th quarter worth about $29,000. PNC Financial Services Group Inc. raised its holdings in Pan American Silver by 83.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,400 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 2,000 shares during the last quarter. Clean Yield Group acquired a new stake in Pan American Silver in the 4th quarter valued at about $110,000. Fore Capital LLC acquired a new stake in Pan American Silver in the 3rd quarter valued at about $148,000. Finally, HRT Financial LLC acquired a new stake in Pan American Silver in the 3rd quarter valued at about $151,000. 52.62% of the stock is owned by institutional investors.
Several research firms have recently weighed in on PAAS. BidaskClub cut shares of Pan American Silver from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 4th. TheStreet cut shares of Pan American Silver from a “b-” rating to a “c” rating in a research report on Friday, February 22nd. ValuEngine cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Zacks Investment Research lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Finally, Deutsche Bank upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and reduced their target price for the stock from $17.50 to $15.50 in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.97.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, February 20th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). The business had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $179.03 million. Pan American Silver had a return on equity of 3.80% and a net margin of 1.38%. The company’s revenue for the quarter was down 23.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. Analysts predict that Pan American Silver Corp. will post 0.22 earnings per share 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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