PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) by 339.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,785 shares of the basic materials company’s stock after purchasing an additional 10,648 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Pan American Silver were worth $618,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in PAAS. Vanguard Group Inc. boosted its position in Pan American Silver by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock worth $905,513,000 after buying an additional 274,168 shares during the period. Ninety One UK Ltd increased its position in Pan American Silver by 3.2% in the 4th quarter. Ninety One UK Ltd now owns 2,225,237 shares of the basic materials company’s stock valued at $115,290,000 after acquiring an additional 69,985 shares during the period. Swiss Life Asset Management Ltd raised its stake in shares of Pan American Silver by 46.9% during the fourth quarter. Swiss Life Asset Management Ltd now owns 58,827 shares of the basic materials company’s stock valued at $3,051,000 after acquiring an additional 18,791 shares during the last quarter. Royal Palms Capital LLC bought a new position in shares of Pan American Silver during the fourth quarter valued at $2,170,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Pan American Silver during the fourth quarter worth $1,341,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.
Pan American Silver Price Performance
PAAS opened at $51.88 on Tuesday. The company has a market capitalization of $21.64 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 4.43 and a beta of 0.73. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $46.14 and a 200-day moving average price of $53.45. Pan American Silver Corp. has a twelve month low of $30.59 and a twelve month high of $69.99.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on PAAS
About Pan American Silver
Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.
With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.
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