Global X Management Co. LLC Purchases 130,486 Shares of Pan American Silver Corp. (PAAS)

Global X Management Co. LLC boosted its position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 10.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,373,495 shares of the basic materials company’s stock after buying an additional 130,486 shares during the quarter. Global X Management Co. LLC’s holdings in Pan American Silver were worth $21,385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of PAAS. Alliancebernstein L.P. bought a new stake in shares of Pan American Silver during the 2nd quarter worth about $170,000. Vanguard Group Inc. raised its position in shares of Pan American Silver by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,956,784 shares of the basic materials company’s stock worth $49,734,000 after buying an additional 217,811 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Pan American Silver by 49.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 702,344 shares of the basic materials company’s stock worth $11,813,000 after buying an additional 233,015 shares in the last quarter. Stifel Financial Corp raised its position in shares of Pan American Silver by 3.7% during the 2nd quarter. Stifel Financial Corp now owns 64,358 shares of the basic materials company’s stock worth $1,087,000 after buying an additional 2,278 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Pan American Silver by 1.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 42,371 shares of the basic materials company’s stock worth $713,000 after buying an additional 679 shares in the last quarter. Hedge funds and other institutional investors own 49.75% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday, January 25th. BidaskClub upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Thursday. Canaccord Genuity restated a “buy” rating and set a $19.00 price target on shares of Pan American Silver in a research report on Friday, January 12th. B. Riley restated a “neutral” rating on shares of Pan American Silver in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $22.00 price target on shares of Pan American Silver in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $20.91.

Pan American Silver Corp. (NASDAQ PAAS) opened at $16.59 on Thursday. The stock has a market cap of $2,429.38, a P/E ratio of 27.20, a PEG ratio of 4.78 and a beta of 0.20. Pan American Silver Corp. has a 52 week low of $13.99 and a 52 week high of $20.73.

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Pan American Silver 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.

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

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