Assenagon Asset Management S.A. Purchases Shares of 73,535 Pan American Silver Corp. (PAAS)

Assenagon Asset Management S.A. acquired a new stake in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,535 shares of the basic materials company’s stock, valued at approximately $1,144,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its stake in Pan American Silver by 1.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,371 shares of the basic materials company’s stock valued at $713,000 after purchasing an additional 679 shares in the last quarter. Advisor Group Inc. grew its position in Pan American Silver by 3.9% during the second quarter. Advisor Group Inc. now owns 21,567 shares of the basic materials company’s stock valued at $362,000 after acquiring an additional 800 shares during the last quarter. National Asset Management Inc. grew its position in Pan American Silver by 4.3% during the second quarter. National Asset Management Inc. now owns 20,450 shares of the basic materials company’s stock valued at $344,000 after acquiring an additional 850 shares during the last quarter. Legal & General Group Plc grew its position in Pan American Silver by 5.7% during the second quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock valued at $307,000 after acquiring an additional 990 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Pan American Silver by 3.7% during the second quarter. Stifel Financial Corp now owns 64,358 shares of the basic materials company’s stock valued at $1,087,000 after acquiring an additional 2,278 shares during the last quarter. 54.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) opened at $15.18 on Friday. The stock has a market capitalization of $2,325.21, a PE ratio of 31.63, a price-to-earnings-growth ratio of 4.61 and a beta of 0.20. Pan American Silver Corp. has a 52 week low of $13.99 and a 52 week high of $21.19.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The company had revenue of $190.79 million during the quarter, compared to the consensus estimate of $199.43 million. Pan American Silver had a return on equity of 5.12% and a net margin of 12.23%. The firm’s revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. equities analysts forecast that Pan American Silver Corp. will post 0.52 EPS for the current year.

Several brokerages have recently issued reports on PAAS. B. Riley reiterated a “neutral” rating on shares of Pan American Silver in a report on Wednesday, November 1st. Zacks Investment Research raised Pan American Silver from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, January 10th. Canaccord Genuity reissued a “buy” rating and set a $19.00 price objective on shares of Pan American Silver in a research report on Friday, January 12th. Raymond James Financial raised Pan American Silver from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 21st. Finally, Credit Suisse Group raised Pan American Silver from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $20.91.

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Pan American Silver 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 (NASDAQ:PAAS)

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