BlueCrest Capital Management Ltd lifted its holdings in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,874 shares of the basic materials company’s stock after purchasing an additional 20,874 shares during the quarter. BlueCrest Capital Management Ltd owned 0.13% of Pan American Silver Corp. worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of PAAS. 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 position in shares of Pan American Silver Corp. in the second quarter worth $170,000. Sigma Planning Corp purchased a new position in shares of Pan American Silver Corp. in the second quarter worth $181,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Pan American Silver Corp. in the second quarter worth $189,000. Finally, Freestone Capital Holdings LLC purchased a new position in shares of Pan American Silver Corp. in the second quarter worth $271,000. Hedge funds and other institutional investors own 53.88% of the company’s stock.

Pan American Silver Corp. (PAAS) traded up 1.173% during mid-day trading on Monday, reaching $17.685. The company had a trading volume of 144,711 shares. The firm has a market capitalization of $2.71 billion, a PE ratio of 22.615 and a beta of 0.15. The stock’s 50-day moving average price is $17.85 and its 200 day moving average price is $17.29. 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 issued 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. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The company had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $184.96 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Pan American Silver Corp. will post $0.55 EPS for the current year.

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Several research analysts have recently weighed in on PAAS shares. BMO Capital Markets restated a “hold” rating and issued a $17.50 price target on shares of Pan American Silver Corp. in a research note on Thursday, June 29th. Zacks Investment Research cut Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. TheStreet cut Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research note on Friday, July 28th. BidaskClub cut Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada set a $22.00 price target on Pan American Silver Corp. and gave the stock a “buy” rating in a research note on Thursday, August 10th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $21.56.

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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