Pan American Silver Corp. (PAAS) Stake Lessened by Renaissance Technologies LLC
Renaissance Technologies LLC decreased its position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 14.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,736,800 shares of the basic materials company’s stock after selling 476,617 shares during the period. Renaissance Technologies LLC owned about 1.79% of Pan American Silver Corp. worth $46,033,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Pan American Silver Corp. in the first quarter worth $164,000. Alliancebernstein L.P. purchased a new stake in Pan American Silver Corp. during the 2nd quarter valued at $170,000. Sigma Planning Corp purchased a new stake in Pan American Silver Corp. during the 2nd quarter valued at $181,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Pan American Silver Corp. during the 2nd quarter valued at $189,000. Finally, Freestone Capital Holdings LLC purchased a new stake in Pan American Silver Corp. during the 2nd quarter valued at $271,000. Hedge funds and other institutional investors own 53.88% of the company’s stock.
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Shares of Pan American Silver Corp. (PAAS) opened at 17.05 on Monday. The firm’s 50-day moving average price is $17.73 and its 200 day moving average price is $17.23. The company has a market capitalization of $2.61 billion, a PE ratio of 21.80 and a beta of 0.15. Pan American Silver Corp. has a 52-week low of $13.80 and a 52-week high of $21.29.
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. The firm had revenue of $201.30 million for the quarter, compared to analysts’ expectations of $184.96 million. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. On average, equities analysts forecast that Pan American Silver Corp. will post $0.55 earnings per share for the current year.
A number of equities analysts have issued reports on PAAS shares. Zacks Investment Research upgraded shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Raymond James Financial, Inc. downgraded shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price objective for the company. in a research note on Friday, September 8th. BMO Capital Markets reiterated a “hold” rating and set a $17.50 target price on shares of Pan American Silver Corp. in a report on Thursday, June 29th. UBS AG lowered shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Pan American Silver Corp. in a research note on Thursday, September 7th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.10.
Pan American Silver Corp. 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.
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