Baader Bank Aktiengesellschaft Purchases Shares of 20,330 Pan American Silver Corp. $PAAS

Baader Bank Aktiengesellschaft purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,330 shares of the basic materials company’s stock, valued at approximately $787,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PAAS. City State Bank grew its position in Pan American Silver by 74.4% during the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after buying an additional 435 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 594 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Pan American Silver during the second quarter worth about $51,000. Wolverine Asset Management LLC purchased a new position in shares of Pan American Silver during the third quarter worth about $58,000. Finally, CWM LLC increased its position in shares of Pan American Silver by 32.1% in the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

NYSE:PAAS opened at $60.02 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.55 and a current ratio of 2.31. Pan American Silver Corp. has a fifty-two week low of $20.55 and a fifty-two week high of $69.99. The firm has a market cap of $25.32 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 0.61 and a beta of 0.66. The business has a 50 day moving average price of $54.43 and a 200-day moving average price of $42.35.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Jefferies Financial Group dropped their target price on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Scotiabank upped their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Finally, Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.