Morgan Stanley Grows Holdings in Pan American Silver Corp. (PAAS)

Share on StockTwits

Morgan Stanley raised its stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 143.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,741,507 shares of the basic materials company’s stock after purchasing an additional 1,613,344 shares during the quarter. Morgan Stanley owned about 1.79% of Pan American Silver worth $40,465,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PAAS. Renaissance Technologies LLC increased its position in shares of Pan American Silver by 18.0% during the third quarter. Renaissance Technologies LLC now owns 5,759,487 shares of the basic materials company’s stock worth $85,010,000 after acquiring an additional 876,582 shares during the last quarter. FMR LLC increased its position in shares of Pan American Silver by 23.5% during the third quarter. FMR LLC now owns 4,268,438 shares of the basic materials company’s stock worth $63,002,000 after acquiring an additional 811,801 shares during the last quarter. United Services Automobile Association increased its position in shares of Pan American Silver by 57.1% during the second quarter. United Services Automobile Association now owns 1,651,000 shares of the basic materials company’s stock worth $29,553,000 after acquiring an additional 600,000 shares during the last quarter. Deutsche Bank AG increased its position in shares of Pan American Silver by 11.8% during the third quarter. Deutsche Bank AG now owns 1,315,742 shares of the basic materials company’s stock worth $19,419,000 after acquiring an additional 138,747 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Pan American Silver during the third quarter worth about $18,354,000. 51.25% of the stock is currently owned by institutional investors.

PAAS has been the topic of a number of analyst reports. Zacks Investment Research lowered Pan American Silver from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. ValuEngine lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America lowered Pan American Silver from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $16.70 to $12.75 in a research report on Monday, November 19th. Canaccord Genuity reaffirmed a “buy” rating and set a $25.00 target price on shares of Pan American Silver in a research report on Tuesday. Finally, BidaskClub lowered Pan American Silver from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.72.

NASDAQ:PAAS opened at $15.00 on Friday. The stock has a market capitalization of $2.37 billion, a P/E ratio of 29.41, a PEG ratio of 6.49 and a beta of -0.07. Pan American Silver Corp. has a one year low of $12.12 and a one year high of $18.75.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Tuesday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.10). The firm had revenue of $187.70 million during the quarter, compared to analyst estimates of $193.93 million. Pan American Silver had a return on equity of 5.15% and a net margin of 14.75%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.15 earnings per share. Analysts anticipate that Pan American Silver Corp. will post 0.43 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Morgan Stanley Grows Holdings in Pan American Silver Corp. (PAAS)” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4072201/morgan-stanley-grows-holdings-in-pan-american-silver-corp-paas.html.

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: Cost of Capital

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

Receive News & Ratings for Pan American Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

$171.35 Million in Sales Expected for Ribbon Communications Inc  This Quarter
$171.35 Million in Sales Expected for Ribbon Communications Inc This Quarter
Achain Market Capitalization Reaches $5.77 Million
Achain Market Capitalization Reaches $5.77 Million
Vertcoin  Price Tops $0.24
Vertcoin Price Tops $0.24
Zacks: Brokerages Expect Automatic Data Processing  Will Post Earnings of $1.18 Per Share
Zacks: Brokerages Expect Automatic Data Processing Will Post Earnings of $1.18 Per Share
Dave & Buster’s Entertainment Inc  Receives Average Recommendation of “Buy” from Brokerages
Dave & Buster’s Entertainment Inc Receives Average Recommendation of “Buy” from Brokerages
IslaCoin Price Hits $0.17 on Exchanges
IslaCoin Price Hits $0.17 on Exchanges


Leave a Reply

© 2006-2019 Ticker Report