Triasima Portfolio Management inc. Takes $2.91 Million Position in Pan American Silver Corp. (NYSE:PAAS)

Triasima Portfolio Management inc. acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 143,975 shares of the basic materials company’s stock, valued at approximately $2,911,000.

Several other large investors have also modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of Pan American Silver by 6.3% in the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock valued at $824,632,000 after acquiring an additional 2,328,306 shares during the period. Ingalls & Snyder LLC raised its stake in shares of Pan American Silver by 3.4% during the third quarter. Ingalls & Snyder LLC now owns 1,637,988 shares of the basic materials company’s stock worth $34,185,000 after purchasing an additional 53,500 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Pan American Silver by 7.6% during the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock worth $31,713,000 after purchasing an additional 108,039 shares during the last quarter. FMR LLC raised its stake in shares of Pan American Silver by 1,834.8% during the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Pan American Silver by 30.1% during the third quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock worth $23,857,000 after purchasing an additional 264,772 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.42.

Pan American Silver Trading Down 0.7 %

NYSE:PAAS opened at $24.80 on Friday. The stock has a fifty day moving average price of $21.88 and a two-hundred day moving average price of $21.72. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1 year low of $12.16 and a 1 year high of $26.05.

Pan American Silver Company Profile

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.