Beirne Wealth Consulting Services LLC Purchases 23,723 Shares of Pan American Silver Corp. $PAAS

Beirne Wealth Consulting Services LLC boosted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 83.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,142 shares of the basic materials company’s stock after purchasing an additional 23,723 shares during the quarter. Beirne Wealth Consulting Services LLC’s holdings in Pan American Silver were worth $2,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in PAAS. Rothschild Investment LLC bought a new position in shares of Pan American Silver in the third quarter worth $36,000. Vanguard Group Inc. grew its position in Pan American Silver by 21.2% during the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after buying an additional 3,006,055 shares in the last quarter. HighTower Advisors LLC increased its stake in Pan American Silver by 103.8% in the 3rd quarter. HighTower Advisors LLC now owns 87,407 shares of the basic materials company’s stock worth $3,385,000 after acquiring an additional 44,514 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Pan American Silver by 11.9% in the 3rd quarter. Metis Global Partners LLC now owns 16,407 shares of the basic materials company’s stock valued at $636,000 after acquiring an additional 1,747 shares in the last quarter. Finally, Assetmark Inc. grew its holdings 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. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

Pan American Silver stock opened at $57.97 on Tuesday. The firm has a fifty day simple moving average of $55.19 and a two-hundred day simple moving average of $43.07. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12. Pan American Silver Corp. has a twelve month low of $20.55 and a twelve month high of $69.99. The company has a market capitalization of $24.46 billion, a PE ratio of 33.51, a P/E/G ratio of 0.58 and a beta of 0.66.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PAAS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Jefferies Financial Group lowered their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Wall Street Zen raised Pan American Silver from a “hold” rating to a “buy” rating in a research note on Saturday. Scotiabank raised their price target on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.