Pan American Silver Corp. (NASDAQ:PAAS) Shares Sold by Hexavest Inc.

Hexavest Inc. trimmed its position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,009 shares of the basic materials company’s stock after selling 675 shares during the period. Hexavest Inc.’s holdings in Pan American Silver were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAAS. American International Group Inc. acquired a new position in shares of Pan American Silver in the 1st quarter valued at $509,000. Great West Life Assurance Co. Can increased its position in shares of Pan American Silver by 38.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 41,995 shares of the basic materials company’s stock valued at $553,000 after acquiring an additional 11,616 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Pan American Silver in the 1st quarter valued at $223,000. NumerixS Investment Technologies Inc acquired a new position in shares of Pan American Silver in the 1st quarter valued at $106,000. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of Pan American Silver by 105.9% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 765,988 shares of the basic materials company’s stock valued at $10,150,000 after acquiring an additional 393,988 shares during the period. 50.58% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on PAAS shares. Royal Bank of Canada raised Pan American Silver from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $17.00 to $23.00 in a research report on Thursday, September 5th. National Bank Financial raised Pan American Silver from a “sector perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Friday, August 30th. BidaskClub downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, September 7th. TD Securities increased their price target on Pan American Silver from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, ValuEngine raised Pan American Silver from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Pan American Silver currently has an average rating of “Buy” and a consensus target price of $21.18.

Shares of PAAS opened at $16.23 on Friday. The business’s 50-day moving average is $17.09 and its two-hundred day moving average is $14.20. The company has a market capitalization of $3.38 billion, a P/E ratio of 322.30, a P/E/G ratio of 9.42 and a beta of -0.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.98 and a current ratio of 4.08. Pan American Silver Corp. has a fifty-two week low of $10.26 and a fifty-two week high of $19.48.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $282.90 million for the quarter, compared to the consensus estimate of $320.98 million. Pan American Silver had a positive return on equity of 0.56% and a negative net margin of 2.39%. The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS. Analysts forecast that Pan American Silver Corp. will post 0.43 EPS for the current year.

Pan American Silver Profile

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.

Recommended Story: Cash Asset Ratio

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

Receive News & Ratings for Pan American Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver and related companies with MarketBeat.com's FREE daily email newsletter.