American Capital Advisory LLC Invests $641,000 in Pan American Silver Corp. (NYSE:PAAS)

American Capital Advisory LLC bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 30,730 shares of the basic materials company’s stock, valued at approximately $641,000.

Several other large investors have also recently bought and sold shares of the business. Van ECK Associates Corp raised its holdings in Pan American Silver by 6.3% during the third 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. Vanguard Group Inc. grew its position in shares of Pan American Silver by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock valued at $199,440,000 after buying an additional 159,908 shares during the last quarter. Tidal Investments LLC raised its stake in Pan American Silver by 15,618.3% during the 1st quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock worth $57,340,000 after acquiring an additional 3,779,309 shares in the last quarter. Mackenzie Financial Corp raised its stake in Pan American Silver by 51.1% during the 2nd quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock worth $62,107,000 after acquiring an additional 1,056,981 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in Pan American Silver by 22.1% in the second quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company’s stock valued at $43,440,000 after acquiring an additional 395,589 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS stock traded up $0.12 during midday trading on Wednesday, hitting $22.66. The company had a trading volume of 2,368,801 shares, compared to its average volume of 4,048,208. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of -56.44 and a beta of 1.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. The company’s 50 day simple moving average is $21.79 and its 200 day simple moving average is $21.12. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The firm had revenue of $686.30 million during the quarter, compared to analysts’ expectations of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $0.04 earnings per share. Research analysts anticipate that Pan American Silver Corp. will post 0.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PAAS has been the topic of several research reports. Jefferies Financial Group raised their price objective on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. CIBC lifted their price target on Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Royal Bank of Canada boosted their price objective on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Scotiabank raised their target price on shares of Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.93.

Pan American Silver Company Profile

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.