Cullen Frost Bankers Inc. Maintains Stake in Pan American Silver Corp. (NASDAQ:PAAS)

Cullen Frost Bankers Inc. held its position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) during the second quarter, Holdings Channel reports. The fund owned 11,000 shares of the basic materials company’s stock at the end of the second quarter. Cullen Frost Bankers Inc.’s holdings in Pan American Silver Corp. were worth $185,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Swiss National Bank raised its position 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 valued at $4,457,000 after buying an additional 2,600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Pan American Silver Corp. by 21.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,560 shares of the basic materials company’s stock valued at $237,000 after buying an additional 2,422 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Pan American Silver Corp. by 700.1% in the first quarter. BNP Paribas Arbitrage SA now owns 119,103 shares of the basic materials company’s stock valued at $2,087,000 after buying an additional 104,217 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Pan American Silver Corp. by 20.2% in the first quarter. Canada Pension Plan Investment Board now owns 93,400 shares of the basic materials company’s stock valued at $1,630,000 after buying an additional 15,700 shares in the last quarter. Finally, 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 valued at $8,726,000 after buying an additional 169,511 shares in the last quarter. Hedge funds and other institutional investors own 49.98% of the company’s stock.

Shares of Pan American Silver Corp. (PAAS) opened at 15.96 on Thursday. The company has a market capitalization of $2.44 billion, a P/E ratio of 20.65 and a beta of 0.29. The company’s 50 day moving average is $16.49 and its 200 day moving average is $17.50. Pan American Silver Corp. has a 12-month low of $13.80 and a 12-month high of $21.59.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.56% and a return on equity of 6.13%. The company had revenue of $201.30 million for the quarter, compared to the consensus estimate of $184.96 million. During the same period last year, the company earned $0.13 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that Pan American Silver Corp. will post $0.45 earnings per share for the current fiscal year.

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Several research firms have commented on PAAS. FBR & Co boosted their target price on shares of Pan American Silver Corp. from $20.00 to $22.00 and gave the stock a “mkt perform” rating in a research report on Friday, May 12th. Zacks Investment Research raised shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Wednesday, May 3rd. CSFB began coverage on shares of Pan American Silver Corp. in a research report on Thursday, April 13th. They issued a “neutral” rating for the company. TheStreet downgraded shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research report on Friday, July 28th. Finally, TD Securities reissued a “buy” rating on shares of Pan American Silver Corp. in a research report on Wednesday, May 10th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price 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.

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

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