D.A. Davidson & CO. Makes New Investment in Pan American Silver Corp. (NYSE:PAAS)

D.A. Davidson & CO. acquired a new position in shares of Pan American Silver Corp. (NYSE:PAASFree Report) (TSE:PAAS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 147,130 shares of the basic materials company’s stock, valued at approximately $2,130,000.

A number of other hedge funds have also modified their holdings of the business. Banque Cantonale Vaudoise increased its stake in shares of Pan American Silver by 17.3% during the 3rd quarter. Banque Cantonale Vaudoise now owns 14,030 shares of the basic materials company’s stock worth $203,000 after purchasing an additional 2,068 shares in the last quarter. Cadence Wealth Management LLC grew its stake in Pan American Silver by 31.9% in the 3rd quarter. Cadence Wealth Management LLC now owns 44,475 shares of the basic materials company’s stock worth $644,000 after acquiring an additional 10,755 shares during the period. Qsemble Capital Management LP purchased a new stake in Pan American Silver in the 3rd quarter worth approximately $560,000. Virtus ETF Advisers LLC grew its stake in Pan American Silver by 14.2% in the 3rd quarter. Virtus ETF Advisers LLC now owns 13,791 shares of the basic materials company’s stock worth $200,000 after acquiring an additional 1,713 shares during the period. Finally, Monaco Asset Management SAM grew its stake in Pan American Silver by 82.9% in the 3rd quarter. Monaco Asset Management SAM now owns 625,000 shares of the basic materials company’s stock worth $9,050,000 after acquiring an additional 283,315 shares during the period. 85.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PAAS shares. TD Securities decreased their price target on shares of Pan American Silver from $22.00 to $18.50 and set a “buy” rating on the stock in a report on Friday, January 19th. CIBC decreased their price target on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a report on Wednesday. Canaccord Genuity Group decreased their price target on shares of Pan American Silver from $23.50 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, November 21st. BMO Capital Markets decreased their price target on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Finally, StockNews.com lowered shares of Pan American Silver from a “hold” rating to a “sell” rating in a report on Monday, January 15th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Check Out Our Latest Research Report on PAAS

Pan American Silver Stock Performance

NYSE:PAAS opened at $13.00 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.20 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of -13.98, a PEG ratio of 0.85 and a beta of 1.44. The firm’s fifty day simple moving average is $14.92 and its 200 day simple moving average is $15.06. Pan American Silver Corp. has a twelve month low of $12.83 and a twelve month high of $19.84.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $616.30 million during the quarter, compared to analysts’ expectations of $661.22 million. Pan American Silver had a negative net margin of 11.19% and a positive return on equity of 0.76%. The business’s quarterly revenue was up 81.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) earnings per share. As a group, equities research analysts expect that Pan American Silver Corp. will post 0.21 earnings per share for the current fiscal year.

Pan American Silver Company Profile

(Free Report)

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, and Cap-Oeste Sur Este mines.

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

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