Ninety One SA PTY Ltd Purchases 3,669 Shares of Pan American Silver Corp. (NYSE:PAAS)

Ninety One SA PTY Ltd raised its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its stake in Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after acquiring an additional 660 shares during the period. Advisors Asset Management Inc. boosted its holdings in Pan American Silver by 3.7% during the third quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock valued at $558,000 after purchasing an additional 951 shares in the last quarter. Eastern Bank bought a new stake in shares of Pan American Silver in the 3rd quarter valued at approximately $28,000. Laurel Wealth Advisors LLC acquired a new position in shares of Pan American Silver in the 4th quarter worth approximately $30,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Pan American Silver in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $24.21 on Wednesday. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $26.05. The firm’s 50-day moving average price is $21.75 and its two-hundred day moving average price is $21.67. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of -142.42 and a beta of 1.28.

Analyst Upgrades and Downgrades

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

About Pan American Silver

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.