Goehring & Rozencwajg Associates LLC Sells 6,034 Shares of Pan American Silver Corp. (NYSE:PAAS)

Goehring & Rozencwajg Associates LLC reduced its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 276,376 shares of the basic materials company’s stock after selling 6,034 shares during the quarter. Goehring & Rozencwajg Associates LLC owned 0.08% of Pan American Silver worth $5,707,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Van ECK Associates Corp increased its stake in Pan American Silver by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock worth $824,632,000 after purchasing an additional 2,328,306 shares in the last quarter. Ingalls & Snyder LLC increased its position in shares of Pan American Silver by 3.4% during the third quarter. Ingalls & Snyder LLC now owns 1,637,988 shares of the basic materials company’s stock worth $34,185,000 after acquiring an additional 53,500 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Pan American Silver by 7.6% during the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock worth $31,713,000 after acquiring an additional 108,039 shares during the period. FMR LLC lifted its position in Pan American Silver by 1,834.8% in the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after acquiring an additional 1,275,475 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Pan American Silver by 30.1% in the 3rd quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock worth $23,857,000 after purchasing an additional 264,772 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Pan American Silver stock opened at $24.57 on Friday. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $26.05. The company has a fifty day simple moving average of $21.93 and a 200 day simple moving average of $21.73.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.42.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.