D.A. Davidson & CO. Cuts Stake in Pan American Silver Corp. (PAAS)

D.A. Davidson & CO. decreased its holdings in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 20.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,320 shares of the basic materials company’s stock after selling 1,912 shares during the period. D.A. Davidson & CO.’s holdings in Pan American Silver Corp. were worth $123,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Pan American Silver Corp. in the 1st quarter valued at $164,000. Alliancebernstein L.P. bought a new stake in Pan American Silver Corp. during the 2nd quarter valued at $170,000. Sigma Planning Corp bought a new stake in Pan American Silver Corp. during the 2nd quarter valued at $181,000. Cambridge Investment Research Advisors Inc. bought a new stake in Pan American Silver Corp. during the 2nd quarter valued at $189,000. Finally, Freestone Capital Holdings LLC bought a new stake in Pan American Silver Corp. during the 2nd quarter valued at $271,000. 53.88% of the stock is owned by institutional investors.

PAAS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Raymond James Financial, Inc. lowered shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price target for the company. in a report on Friday, September 8th. BMO Capital Markets reiterated a “hold” rating and set a $17.50 price target on shares of Pan American Silver Corp. in a report on Thursday, June 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Pan American Silver Corp. in a report on Thursday, September 7th. Finally, UBS AG lowered shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.56.

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Pan American Silver Corp. (PAAS) opened at 17.33 on Wednesday. The firm has a 50-day moving average of $17.85 and a 200 day moving average of $17.28. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 22.16 and a beta of 0.14. Pan American Silver Corp. has a one year low of $13.80 and a one year high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, topping the 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 the consensus estimate of $184.96 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts predict that Pan American Silver Corp. will post $0.55 earnings per share for the current fiscal year.

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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