Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd lessened its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 32.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,078,084 shares of the basic materials company’s stock after selling 989,630 shares during the quarter. Ninety One UK Ltd’s holdings in Pan American Silver were worth $42,019,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

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

Pan American Silver Stock Performance

PAAS opened at $24.21 on Wednesday. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $26.05. The business has a 50-day moving average of $21.75 and a two-hundred day moving average of $21.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06.

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.