Pan American Silver Corp. (PAAS) Position Lifted by Legal & General Group Plc

Legal & General Group Plc lifted its stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 32.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,253 shares of the basic materials company’s stock after buying an additional 6,000 shares during the period. Legal & General Group Plc’s holdings in Pan American Silver were worth $412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PAAS. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Pan American Silver in the 2nd quarter valued at $189,000. JPMorgan Chase & Co. grew its position in shares of Pan American Silver by 452.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock valued at $7,251,000 after buying an additional 353,037 shares during the last quarter. Freestone Capital Holdings LLC purchased a new position in shares of Pan American Silver in the 2nd quarter valued at $271,000. Schroder Investment Management Group grew its position in shares of Pan American Silver by 61.6% in the 2nd quarter. Schroder Investment Management Group now owns 757,410 shares of the basic materials company’s stock valued at $12,831,000 after buying an additional 288,615 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Pan American Silver by 58.9% in the 2nd quarter. Private Advisor Group LLC now owns 21,080 shares of the basic materials company’s stock valued at $338,000 after buying an additional 7,812 shares during the last quarter. 53.89% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Corp. (NASDAQ:PAAS) opened at $15.59 on Friday. Pan American Silver Corp. has a 52-week low of $13.99 and a 52-week high of $21.29. The stock has a market cap of $2,363.51, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 6.54 and a beta of 0.09.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Pan American Silver had a net margin of 12.23% and a return on equity of 5.12%. The company had revenue of $190.79 million for the quarter, compared to the consensus estimate of $199.43 million. During the same period last year, the firm posted $0.24 EPS. Pan American Silver’s revenue for the quarter was down 18.3% on a year-over-year basis. analysts anticipate that Pan American Silver Corp. will post 0.49 EPS for the current year.

A number of research firms recently commented on PAAS. B. Riley reaffirmed a “neutral” rating on shares of Pan American Silver in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub raised shares of Pan American Silver from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. BMO Capital Markets set a $21.00 target price on shares of Pan American Silver and gave the company a “buy” rating in a research report on Thursday, November 23rd. Finally, Citigroup raised shares of Pan American Silver to an “outperform” rating in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.13.

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About Pan American Silver

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.

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Institutional Ownership by Quarter for Pan American Silver (NASDAQ:PAAS)

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