Freemont Management S.A. Has $1.01 Million Stake in Pan American Silver Corp. $PAAS

Freemont Management S.A. increased its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 30.9% during the second quarter, Holdings Channel.com reports. The firm owned 35,600 shares of the basic materials company’s stock after buying an additional 8,400 shares during the quarter. Freemont Management S.A.’s holdings in Pan American Silver were worth $1,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Pan American Silver by 5.5% in the second quarter. Signaturefd LLC now owns 9,042 shares of the basic materials company’s stock valued at $257,000 after buying an additional 475 shares in the last quarter. CWM LLC raised its holdings in shares of Pan American Silver by 32.1% in the 2nd quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after acquiring an additional 550 shares during the last quarter. Kiker Wealth Management LLC raised its holdings in shares of Pan American Silver by 42.4% in the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 600 shares during the last quarter. US Bancorp DE lifted its position in Pan American Silver by 13.4% in the 1st quarter. US Bancorp DE now owns 6,959 shares of the basic materials company’s stock valued at $180,000 after acquiring an additional 820 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in Pan American Silver by 4.3% during the 1st quarter. Blair William & Co. IL now owns 21,718 shares of the basic materials company’s stock valued at $561,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PAAS. CIBC boosted their price objective on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. Scotiabank increased their price target on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. National Bankshares restated an “outperform” rating on shares of Pan American Silver in a research note on Friday, September 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

Pan American Silver Price Performance

PAAS opened at $34.81 on Friday. Pan American Silver Corp. has a fifty-two week low of $19.80 and a fifty-two week high of $42.57. The firm has a 50-day moving average of $36.83 and a 200 day moving average of $31.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The firm has a market cap of $14.69 billion, a P/E ratio of 24.01, a PEG ratio of 0.44 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The business had revenue of $811.90 million for the quarter, compared to analyst estimates of $782.12 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver 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.