Beirne Wealth Consulting Services LLC Sells 962 Shares of Pan American Silver Corp. (NYSE:PAAS)

Beirne Wealth Consulting Services LLC lowered its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,358 shares of the basic materials company’s stock after selling 962 shares during the quarter. Beirne Wealth Consulting Services LLC’s holdings in Pan American Silver were worth $573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Pan American Silver during the fourth quarter worth $27,000. Eastern Bank acquired a new stake in shares of Pan American Silver in the 3rd quarter worth $28,000. Laurel Wealth Advisors LLC purchased a new position in Pan American Silver during the 4th quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new position in Pan American Silver during the 3rd quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Pan American Silver in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 1.0 %

Shares of NYSE PAAS opened at $24.70 on Wednesday. Pan American Silver Corp. has a 52 week low of $12.19 and a 52 week high of $26.05. The business’s 50 day moving average price is $22.24 and its 200 day moving average price is $21.86. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.92.

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.