Pan American Silver Corp. $PAAS Stake Lessened by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. decreased its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 33.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,470 shares of the basic materials company’s stock after selling 19,530 shares during the period. PCJ Investment Counsel Ltd.’s holdings in Pan American Silver were worth $1,092,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. bought a new position in Pan American Silver during the 1st quarter valued at $33,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Pan American Silver in the second quarter valued at $51,000. Kiker Wealth Management LLC lifted its holdings in shares of Pan American Silver by 42.4% in the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after buying an additional 600 shares during the period. CWM LLC boosted its stake in Pan American Silver by 32.1% during the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock valued at $64,000 after buying an additional 550 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Pan American Silver by 38.0% during the second quarter. Farther Finance Advisors LLC now owns 3,754 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 1,034 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PAAS. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Scotiabank increased their target price on shares of Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, October 14th. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. One investment 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 stock. According to data from MarketBeat.com, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus price target of $41.25.

Pan American Silver Stock Up 2.9%

PAAS stock opened at $34.81 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. The firm has a market capitalization of $14.69 billion, a P/E ratio of 24.01, a P/E/G ratio of 0.44 and a beta of 0.63. Pan American Silver Corp. has a 52-week low of $19.80 and a 52-week high of $42.57. The company’s 50 day simple moving average is $36.83 and its 200-day simple moving average is $31.04.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share 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 firm had revenue of $811.90 million for the quarter, compared to analysts’ expectations of $782.12 million. During the same period in the previous year, the company posted $0.11 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

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.