Ingalls & Snyder LLC Grows Stake in Pan American Silver Corp. (NYSE:PAAS)

Ingalls & Snyder LLC increased its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,726,999 shares of the basic materials company’s stock after acquiring an additional 89,011 shares during the period. Pan American Silver makes up approximately 1.4% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 13th biggest position. Ingalls & Snyder LLC’s holdings in Pan American Silver were worth $34,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Pan American Silver by 156.4% during the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after buying an additional 37,480 shares during the period. Stratos Wealth Advisors LLC boosted its position in shares of Pan American Silver by 33.4% during the third quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock valued at $3,324,000 after buying an additional 39,873 shares during the period. Marlin Sams Capital Management LLC boosted its position in shares of Pan American Silver by 89.2% during the third quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock valued at $14,609,000 after buying an additional 330,000 shares during the period. U S Global Investors Inc. boosted its position in shares of Pan American Silver by 66.7% during the third quarter. U S Global Investors Inc. now owns 50,000 shares of the basic materials company’s stock valued at $1,044,000 after buying an additional 20,000 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Pan American Silver during the third quarter valued at approximately $1,659,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank of Canada boosted their target price on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus target price of $25.92.

Pan American Silver Stock Performance

Shares of NYSE:PAAS opened at $25.23 on Thursday. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of -148.40 and a beta of 1.28. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $26.05. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $22.09 and a 200 day moving average of $21.79.

About Pan American Silver

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, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.