Pan American Silver Corp. $PAAS Shares Sold by Freemont Management S.A.

Freemont Management S.A. trimmed its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 88.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,200 shares of the basic materials company’s stock after selling 31,400 shares during the quarter. Freemont Management S.A.’s holdings in Pan American Silver were worth $163,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. City State Bank increased its holdings in Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 435 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Pan American Silver by 3,111.4% during the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 1,089 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after buying an additional 594 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Pan American Silver in the second quarter worth about $51,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Pan American Silver during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Down 8.9%

PAAS opened at $54.56 on Friday. Pan American Silver Corp. has a 12-month low of $20.55 and a 12-month high of $69.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The stock has a market capitalization of $23.02 billion, a PE ratio of 31.54, a P/E/G ratio of 0.60 and a beta of 0.66. The firm’s fifty day moving average price is $54.63 and its 200 day moving average price is $42.44.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The company had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. During the same period in the previous year, the firm posted $0.32 EPS. Pan American Silver’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PAAS has been the subject of a number of analyst reports. Scotiabank upped their price target on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Wall Street Zen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.60.

Pan American Silver Profile

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.