Pan American Silver Corp. (NYSE:PAAS) Shares Bought by Schwartz Investment Counsel Inc.

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

A number of other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in Pan American Silver by 156.4% in the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after acquiring an additional 37,480 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in Pan American Silver by 33.4% in the third quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock valued at $3,324,000 after purchasing an additional 39,873 shares during the last quarter. Marlin Sams Capital Management LLC increased its holdings in shares of Pan American Silver by 89.2% in the 3rd quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock valued at $14,609,000 after acquiring an additional 330,000 shares during the last quarter. U S Global Investors Inc. increased its position in Pan American Silver by 66.7% in the third quarter. U S Global Investors Inc. now owns 50,000 shares of the basic materials company’s stock worth $1,044,000 after buying an additional 20,000 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Pan American Silver during the third quarter valued at about $1,659,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PAAS. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Royal Bank of Canada raised their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.92.

Pan American Silver Trading Down 3.4 %

PAAS stock opened at $24.32 on Wednesday. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $26.05. The business’s 50 day moving average price is $22.04 and its two-hundred day moving average price is $21.76. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

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.