Vanguard Group Inc. Has $70.95 Million Holdings in Pan American Silver Corp. (NASDAQ:PAAS)

Vanguard Group Inc. raised its holdings in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,495,778 shares of the basic materials company’s stock after buying an additional 538,363 shares during the quarter. Vanguard Group Inc.’s holdings in Pan American Silver were worth $70,950,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PAAS. Renaissance Technologies LLC lifted its holdings in shares of Pan American Silver by 21.1% during the second quarter. Renaissance Technologies LLC now owns 8,805,213 shares of the basic materials company’s stock worth $113,678,000 after buying an additional 1,533,595 shares during the last quarter. Investec Asset Management LTD lifted its holdings in shares of Pan American Silver by 22.8% during the second quarter. Investec Asset Management LTD now owns 4,470,052 shares of the basic materials company’s stock worth $57,708,000 after buying an additional 829,417 shares during the last quarter. Sprott Inc. lifted its holdings in shares of Pan American Silver by 52.7% during the second quarter. Sprott Inc. now owns 1,337,905 shares of the basic materials company’s stock worth $19,674,000 after buying an additional 461,971 shares during the last quarter. Ruffer LLP lifted its holdings in shares of Pan American Silver by 40.2% during the second quarter. Ruffer LLP now owns 1,534,890 shares of the basic materials company’s stock worth $19,823,000 after buying an additional 440,000 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Pan American Silver by 44.5% during the second quarter. Russell Investments Group Ltd. now owns 1,373,374 shares of the basic materials company’s stock worth $17,792,000 after buying an additional 422,928 shares during the last quarter. Institutional investors own 50.58% of the company’s stock.

Shares of NASDAQ PAAS opened at $16.23 on Friday. The business has a fifty day simple moving average of $17.09 and a 200 day simple moving average of $14.20. The company has a current ratio of 4.08, a quick ratio of 2.98 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 322.30, a PEG ratio of 9.42 and a beta of -0.03. Pan American Silver Corp. has a one year low of $10.26 and a one year high of $19.48.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $282.90 million during the quarter, compared to analyst estimates of $320.98 million. Pan American Silver had a positive return on equity of 0.56% and a negative net margin of 2.39%. Pan American Silver’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. On average, research analysts anticipate that Pan American Silver Corp. will post 0.43 earnings per share for the current fiscal year.

PAAS has been the subject of a number of recent research reports. Royal Bank of Canada upgraded Pan American Silver from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $17.00 to $23.00 in a research note on Thursday, September 5th. B. Riley upped their target price on Pan American Silver from $13.40 to $23.20 and gave the company a “neutral” rating in a research note on Monday, September 9th. TD Securities upped their target price on Pan American Silver from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 9th. National Bank Financial upgraded Pan American Silver from a “sector perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Friday, August 30th. Finally, BidaskClub lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, September 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.18.

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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