Stifel Financial Corp Has $1.09 Million Position in Pan American Silver Corp. (PAAS)
Stifel Financial Corp boosted its stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 64,358 shares of the basic materials company’s stock after buying an additional 2,278 shares during the quarter. Stifel Financial Corp’s holdings in Pan American Silver Corp. were worth $1,087,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PAAS. SG Americas Securities LLC purchased a new stake in Pan American Silver Corp. in the 1st quarter valued at $164,000. Alliancebernstein L.P. purchased a new stake in Pan American Silver Corp. in the 2nd quarter valued at $170,000. Sigma Planning Corp purchased a new stake in Pan American Silver Corp. in the 2nd quarter valued at $181,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Pan American Silver Corp. in the 2nd quarter valued at $189,000. Finally, Freestone Capital Holdings LLC purchased a new stake in Pan American Silver Corp. in the 2nd quarter valued at $271,000. 53.88% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented 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 research report on Tuesday, October 17th. BidaskClub lowered Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. TheStreet lowered Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research report on Friday, July 28th. Canaccord Genuity reissued a “buy” rating and issued a $23.00 price target on shares of Pan American Silver Corp. in a research report on Friday, October 6th. Finally, Zacks Investment Research lowered Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Pan American Silver Corp. presently has a consensus rating of “Hold” and an average price target of $20.89.
Pan American Silver Corp. (NASDAQ:PAAS) opened at 16.96 on Monday. The firm has a 50-day moving average price of $17.60 and a 200-day moving average price of $17.25. The company has a market cap of $2.60 billion, a P/E ratio of 21.69 and a beta of 0.14. Pan American Silver Corp. has a 52 week low of $13.80 and a 52 week high of $21.29.
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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The firm had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $184.96 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Pan American Silver Corp. will post $0.56 EPS for the current fiscal year.
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Pan American Silver Corp. 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.
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