Legal & General Group Plc held its stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,263 shares of the basic materials company’s stock at the end of the first quarter. Legal & General Group Plc’s holdings in Pan American Silver Corp. were worth $301,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in Pan American Silver Corp. by 149.4% in the first quarter. Russell Investments Group Ltd. now owns 293,362 shares of the basic materials company’s stock worth $5,101,000 after buying an additional 175,744 shares during the last quarter. SG Americas Securities LLC bought a new stake in Pan American Silver Corp. during the first quarter worth $164,000. Wells Fargo & Company MN increased its stake in Pan American Silver Corp. by 51.6% in the first quarter. Wells Fargo & Company MN now owns 498,029 shares of the basic materials company’s stock worth $8,726,000 after buying an additional 169,511 shares during the last quarter. Swiss National Bank increased its stake in Pan American Silver Corp. by 1.0% in the first quarter. Swiss National Bank now owns 254,600 shares of the basic materials company’s stock worth $4,457,000 after buying an additional 2,600 shares during the last quarter. Finally, Schroder Investment Management Group bought a new stake in Pan American Silver Corp. during the first quarter worth $8,204,000. 49.98% of the stock is currently owned by institutional investors.
Shares of Pan American Silver Corp. (NASDAQ PAAS) traded up 1.65% during trading on Wednesday, reaching $16.02. 394,214 shares of the company were exchanged. Pan American Silver Corp. has a 52-week low of $13.80 and a 52-week high of $21.59. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 20.72 and a beta of 0.29. The stock’s 50-day moving average is $16.52 and its 200-day moving average is $17.56.
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Tuesday, May 9th. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.02. The company had revenue of $198.70 million during the quarter, compared to the consensus estimate of $179.02 million. Pan American Silver Corp. had a net margin of 14.56% and a return on equity of 6.13%. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. Equities research analysts predict that Pan American Silver Corp. will post $0.45 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on PAAS shares. TD Securities reaffirmed a “buy” rating on shares of Pan American Silver Corp. in a report on Wednesday, May 10th. Zacks Investment Research raised Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Wednesday, May 3rd. BMO Capital Markets reissued a “hold” rating and issued a $17.50 target price on shares of Pan American Silver Corp. in a report on Thursday, June 29th. Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 target price on shares of Pan American Silver Corp. in a report on Tuesday, May 30th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Pan American Silver Corp. in a report on Tuesday, April 18th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.83.
Pan American Silver Corp. Company 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.
Want to see what other hedge funds are holding PAAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS).
Receive News & Ratings for Pan American Silver Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver Corp. and related companies with MarketBeat.com's FREE daily email newsletter.
