Profund Advisors LLC trimmed its position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 3.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 25,598 shares of the basic materials company’s stock after selling 786 shares during the period. Profund Advisors LLC’s holdings in Pan American Silver Corp. were worth $431,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Pan American Silver Corp. in the 1st quarter valued at about $164,000. Alliancebernstein L.P. bought a new position in shares of Pan American Silver Corp. during the 2nd quarter worth approximately $170,000. Sigma Planning Corp bought a new position in shares of Pan American Silver Corp. during the 2nd quarter worth approximately $181,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Pan American Silver Corp. in the 2nd quarter worth approximately $189,000. Finally, Freestone Capital Holdings LLC purchased a new position in shares of Pan American Silver Corp. in the 2nd quarter worth approximately $271,000. Hedge funds and other institutional investors own 53.88% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/pan-american-silver-corp-paas-holdings-cut-by-profund-advisors-llc/1604780.html.

A number of analysts recently commented on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $17.50 price target on shares of Pan American Silver Corp. in a research report on Thursday, June 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Pan American Silver Corp. in a report on Thursday, September 7th. BidaskClub cut Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. cut Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price objective on the stock. in a research report on Friday, September 8th. Finally, UBS AG downgraded Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 7th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.10.

Pan American Silver Corp. (NASDAQ PAAS) opened at 17.12 on Tuesday. Pan American Silver Corp. has a 1-year low of $13.80 and a 1-year high of $21.29. The stock’s 50 day moving average price is $17.91 and its 200 day moving average price is $17.29. The company has a market cap of $2.62 billion, a P/E ratio of 21.89 and a beta of 0.15.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $201.30 million during the quarter, compared to the consensus estimate of $184.96 million. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, equities analysts anticipate that Pan American Silver Corp. will post $0.55 earnings per share for the current fiscal year.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Want to see what other hedge funds are holding PAAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS).

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

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