Pan American Silver Corp. (NASDAQ:PAAS) Shares Bought by Profund Advisors LLC

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Profund Advisors LLC raised its position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 5.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 29,551 shares of the basic materials company’s stock after buying an additional 1,455 shares during the quarter. Profund Advisors LLC’s holdings in Pan American Silver were worth $382,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PAAS. Renaissance Technologies LLC increased its stake in Pan American Silver by 21.1% in the 2nd quarter. Renaissance Technologies LLC now owns 8,805,213 shares of the basic materials company’s stock valued at $113,678,000 after buying an additional 1,533,595 shares during the period. Ruffer LLP acquired a new position in shares of Pan American Silver during the 1st quarter worth $14,513,000. Intact Investment Management Inc. acquired a new position in shares of Pan American Silver during the 1st quarter worth $15,283,000. Investec Asset Management LTD grew its stake in shares of Pan American Silver by 22.8% during the 2nd quarter. Investec Asset Management LTD now owns 4,470,052 shares of the basic materials company’s stock worth $57,708,000 after purchasing an additional 829,417 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Pan American Silver during the 1st quarter worth $8,009,000. 50.62% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the stock. ValuEngine cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. B. Riley upped their price target on shares of Pan American Silver from $13.40 to $23.20 and gave the stock a “neutral” rating in a research note on Monday, September 9th. BidaskClub cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, September 7th. National Bank Financial raised shares of 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 note on Friday, August 30th. Finally, Zacks Investment Research raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.18.

NASDAQ PAAS traded up $0.06 during trading hours on Friday, reaching $16.80. The company’s stock had a trading volume of 2,880,335 shares, compared to its average volume of 3,788,403. The stock has a market cap of $3.46 billion, a PE ratio of 43.08, a PEG ratio of 9.60 and a beta of 0.08. Pan American Silver Corp. has a fifty-two week low of $10.26 and a fifty-two week high of $19.48. The company’s 50-day moving average is $17.22 and its two-hundred day moving average is $13.84. 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 (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. The firm had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $320.98 million. Pan American Silver had a negative net margin of 2.39% and a positive return on equity of 0.56%. The firm’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. Equities analysts expect that Pan American Silver Corp. will post 0.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a $0.062 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.25 dividend on an annualized basis and a yield of 1.48%. Pan American Silver’s payout ratio is 35.90%.

Pan American Silver Company 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.

See Also: Diversification in Your Portfolio

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

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