Wells Fargo & Company MN trimmed its holdings in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 10.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 444,654 shares of the basic materials company’s stock after selling 53,375 shares during the quarter. Wells Fargo & Company MN owned about 0.29% of Pan American Silver Corp. worth $7,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAAS. JPMorgan Chase & Co. boosted its holdings in shares of Pan American Silver Corp. by 452.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock worth $7,251,000 after purchasing an additional 353,037 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Pan American Silver Corp. by 61.6% in the 2nd quarter. Schroder Investment Management Group now owns 757,410 shares of the basic materials company’s stock worth $12,831,000 after purchasing an additional 288,615 shares in the last quarter. Barings LLC purchased a new position in shares of Pan American Silver Corp. in the 1st quarter worth about $3,557,000. Alps Advisors Inc. boosted its holdings in shares of Pan American Silver Corp. by 62.9% in the 2nd quarter. Alps Advisors Inc. now owns 465,923 shares of the basic materials company’s stock worth $7,837,000 after purchasing an additional 179,930 shares in the last quarter. Finally, U S Global Investors Inc purchased a new position in shares of Pan American Silver Corp. in the 1st quarter worth about $2,190,000. Hedge funds and other institutional investors own 53.88% of the company’s stock.

A number of research firms have recently issued reports on PAAS. Zacks Investment Research cut Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Canaccord Genuity reiterated a “buy” rating and issued a $22.00 price objective on shares of Pan American Silver Corp. in a report on Thursday, September 7th. BMO Capital Markets reiterated a “hold” rating and issued a $17.50 price objective on shares of Pan American Silver Corp. in a report on Wednesday, September 20th. TheStreet cut Pan American Silver Corp. from a “b-” rating to a “c+” rating in a report on Friday, July 28th. Finally, BidaskClub cut Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.56.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) opened at 17.48 on Friday. Pan American Silver Corp. has a 1-year low of $13.80 and a 1-year high of $21.29. The stock has a 50 day moving average price of $17.85 and a 200-day moving average price of $17.29. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 22.35 and a beta of 0.14.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The business had revenue of $201.30 million during the quarter, compared to analyst estimates of $184.96 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts forecast that Pan American Silver Corp. will post $0.55 earnings per share for the current year.

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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.

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

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