Pan American Silver Corp. (NYSE:PAAS) Stake Increased by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd increased its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,925 shares of the basic materials company’s stock after buying an additional 3,669 shares during the quarter. Ninety One SA PTY Ltd’s holdings in Pan American Silver were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of PAAS. Eastern Bank acquired a new stake in shares of Pan American Silver during the 3rd quarter valued at about $28,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver during the fourth quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new stake in Pan American Silver in the third quarter worth approximately $32,000. Decker Retirement Planning Inc. acquired a new position in shares of Pan American Silver during the 4th quarter worth $32,000. Finally, Mark Sheptoff Financial Planning LLC raised its holdings in shares of Pan American Silver by 102.5% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 1,700 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $24.21 on Wednesday. The firm has a fifty day moving average price of $21.75 and a two-hundred day moving average price of $21.67. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $26.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The company has a market cap of $8.79 billion, a PE ratio of -142.42 and a beta of 1.28.

Analyst Ratings Changes

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

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.