PensionDanmark Pensionsforsikringsaktieselskab Purchases 10,648 Shares of Pan American Silver Corp. $PAAS

PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 339.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,785 shares of the basic materials company’s stock after purchasing an additional 10,648 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Pan American Silver were worth $618,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PAAS. Parallel Advisors LLC raised its position in Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Pan American Silver by 1,336.1% during the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after buying an additional 481 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Pan American Silver during the fourth quarter valued at approximately $34,000. Laurel Wealth Advisors LLC bought a new position in shares of Pan American Silver during the fourth quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC lifted its stake in Pan American Silver by 173.3% in the fourth quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 520 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Jefferies Financial Group cut their target price on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 14th. Finally, Bank of America lowered their price target on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

Pan American Silver Stock Performance

Pan American Silver stock opened at $51.88 on Tuesday. Pan American Silver Corp. has a twelve month low of $30.59 and a twelve month high of $69.99. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $46.14 and its 200-day moving average price is $53.45. The company has a market cap of $21.64 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 4.43 and a beta of 0.73.

Pan American Silver Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.