Schwartz Investment Counsel Inc. Acquires 5,000 Shares of Pan American Silver Corp. (NYSE:PAAS)

Schwartz Investment Counsel Inc. grew its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,500 shares of the basic materials company’s stock after purchasing an additional 5,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Pan American Silver were worth $1,021,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PAAS. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Pan American Silver in the fourth quarter worth about $27,000. Eastern Bank bought a new stake in shares of Pan American Silver in the third quarter worth $28,000. Laurel Wealth Advisors LLC purchased a new position in shares of Pan American Silver during the 4th quarter valued at about $30,000. Wilmington Savings Fund Society FSB purchased a new position in Pan American Silver during the third quarter valued at $32,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Pan American Silver during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

NYSE:PAAS opened at $24.32 on Wednesday. The stock has a 50 day moving average price of $22.04 and a 200 day moving average price of $21.76. 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 one year low of $12.16 and a one year high of $26.05.

Analyst Ratings Changes

Several brokerages have recently commented on PAAS. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Royal Bank of Canada upped their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and a consensus price target of $25.92.

Pan American Silver 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.