Sprott Inc. decreased its position in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 24.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 577,090 shares of the basic materials company’s stock after selling 185,863 shares during the period. Sprott Inc. owned 0.38% of Pan American Silver Corp. worth $9,707,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PAAS. SG Americas Securities LLC acquired a new stake in shares of Pan American Silver Corp. during the first quarter valued at $164,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Pan American Silver Corp. by 11.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,014 shares of the basic materials company’s stock valued at $167,000 after buying an additional 1,167 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Pan American Silver Corp. by 21.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,560 shares of the basic materials company’s stock valued at $237,000 after buying an additional 2,422 shares in the last quarter. Moloney Securities Asset Management LLC increased its stake in shares of Pan American Silver Corp. by 46.2% in the first quarter. Moloney Securities Asset Management LLC now owns 15,825 shares of the basic materials company’s stock valued at $277,000 after buying an additional 5,000 shares in the last quarter. Finally, WFG Advisors LP increased its stake in shares of Pan American Silver Corp. by 6.8% in the first quarter. WFG Advisors LP now owns 16,129 shares of the basic materials company’s stock valued at $283,000 after buying an additional 1,020 shares in the last quarter. 50.07% of the stock is currently owned by institutional investors.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) opened at 16.00 on Monday. Pan American Silver Corp. has a 52-week low of $13.80 and a 52-week high of $21.59. The stock has a market capitalization of $2.45 billion, a PE ratio of 20.70 and a beta of 0.29. The stock has a 50 day moving average price of $16.53 and a 200-day moving average price of $17.58.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Tuesday, May 9th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The company had revenue of $198.70 million during the quarter, compared to the consensus estimate of $179.02 million. Pan American Silver Corp. had a net margin of 14.56% and a return on equity of 6.13%. Pan American Silver Corp.’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 EPS. On average, equities research analysts anticipate that Pan American Silver Corp. will post $0.45 EPS for the current fiscal year.

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PAAS has been the subject of several research analyst reports. CSFB initiated coverage on Pan American Silver Corp. in a research note on Thursday, April 13th. They issued a “neutral” rating for the company. Credit Suisse Group restated a “neutral” rating on shares of Pan American Silver Corp. in a research note on Tuesday, April 18th. Zacks Investment Research upgraded Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, May 3rd. TD Securities restated a “buy” rating on shares of Pan American Silver Corp. in a research note on Wednesday, May 10th. Finally, FBR & Co raised their price objective on Pan American Silver Corp. from $20.00 to $22.00 and gave the stock a “mkt perform” rating in a research note on Friday, May 12th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $19.83.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

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

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