Shell Asset Management Co. raised its stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 148.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,145 shares of the basic materials company’s stock after acquiring an additional 22,186 shares during the quarter. Shell Asset Management Co.’s holdings in Pan American Silver Corp. were worth $457,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PAAS. BT Investment Management Ltd acquired a new position in Pan American Silver Corp. in the second quarter valued at approximately $120,085,000. Van ECK Associates Corp lifted its holdings in Pan American Silver Corp. by 59.6% in the second quarter. Van ECK Associates Corp now owns 17,773,808 shares of the basic materials company’s stock valued at $298,955,000 after acquiring an additional 6,640,625 shares during the period. AJO LP acquired a new position in Pan American Silver Corp. in the second quarter valued at approximately $12,239,000. JPMorgan Chase & Co. lifted its holdings in Pan American Silver Corp. by 452.4% in the second quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock valued at $7,251,000 after acquiring an additional 353,037 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Pan American Silver Corp. by 61.6% in the second quarter. Schroder Investment Management Group now owns 757,410 shares of the basic materials company’s stock valued at $12,831,000 after acquiring an additional 288,615 shares during the period. 53.97% of the stock is owned by institutional investors.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. The business had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $184.96 million. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS.

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A number of research analysts have issued reports on the company. Royal Bank Of Canada set a $23.00 price target on Pan American Silver Corp. and gave the company a “buy” rating in a report on Tuesday, October 17th. Canaccord Genuity restated a “buy” rating and issued a $23.00 price objective on shares of Pan American Silver Corp. in a research report on Friday, October 6th. BMO Capital Markets restated a “hold” rating and issued a $17.50 price objective on shares of Pan American Silver Corp. in a research report on Wednesday, September 20th. 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 for the company. in a research report on Friday, September 8th. Finally, UBS AG cut Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 7th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.89.

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.

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

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