Pan American Silver Corp. (PAAS) Holdings Increased by Schroder Investment Management Group

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Schroder Investment Management Group raised its position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 27.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,803 shares of the basic materials company’s stock after acquiring an additional 47,793 shares during the quarter. Schroder Investment Management Group’s holdings in Pan American Silver were worth $3,912,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Lincoln National Corp acquired a new stake in shares of Pan American Silver during the 2nd quarter worth about $224,000. Gamco Investors INC. ET AL acquired a new stake in shares of Pan American Silver during the 2nd quarter worth about $297,000. Verition Fund Management LLC acquired a new stake in shares of Pan American Silver during the 1st quarter worth about $276,000. Sigma Planning Corp lifted its stake in shares of Pan American Silver by 22.7% during the 2nd quarter. Sigma Planning Corp now owns 18,168 shares of the basic materials company’s stock worth $325,000 after buying an additional 3,367 shares during the last quarter. Finally, Fiera Capital Corp lifted its stake in shares of Pan American Silver by 26.7% during the 2nd quarter. Fiera Capital Corp now owns 19,000 shares of the basic materials company’s stock worth $341,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 49.25% of the company’s stock.

NASDAQ:PAAS opened at $15.50 on Friday. Pan American Silver Corp. has a 52 week low of $13.97 and a 52 week high of $18.75. The stock has a market cap of $2.36 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 6.88 and a beta of 0.19.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, August 8th. The basic materials company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. Pan American Silver had a net margin of 17.95% and a return on equity of 7.06%. The business had revenue of $216.46 million for the quarter, compared to analyst estimates of $213.63 million. On average, analysts anticipate that Pan American Silver Corp. will post 0.56 EPS for the current year.

A number of research firms recently commented on PAAS. TD Securities set a $23.00 price target on shares of Pan American Silver and gave the stock a “buy” rating in a research report on Thursday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price target on shares of Pan American Silver in a research report on Friday, July 13th. Zacks Investment Research raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, September 12th. Deutsche Bank set a $18.00 price target on shares of Pan American Silver and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Finally, BidaskClub raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $20.33.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

See Also: Why do earnings reports matter?

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

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