Bank of Montreal Can Has $43.53 Million Stock Holdings in Pan American Silver Corp. $PAAS

Bank of Montreal Can decreased its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 17.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,533,094 shares of the basic materials company’s stock after selling 316,540 shares during the quarter. Bank of Montreal Can owned approximately 0.42% of Pan American Silver worth $43,530,000 as of its most recent SEC filing.

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

Pan American Silver Price Performance

PAAS opened at $33.75 on Thursday. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. Pan American Silver Corp. has a 12 month low of $19.80 and a 12 month high of $42.57. The company has a fifty day simple moving average of $36.79 and a 200 day simple moving average of $30.97. The stock has a market cap of $14.24 billion, a P/E ratio of 23.28, a P/E/G ratio of 0.44 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $782.12 million. During the same quarter in the prior year, the company earned $0.11 EPS. The firm’s quarterly revenue 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.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PAAS. National Bank Financial raised Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. CIBC upped their target price on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average price target of $41.25.

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.