Janney Montgomery Scott LLC Increases Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Janney Montgomery Scott LLC lifted its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 23.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,824 shares of the basic materials company’s stock after buying an additional 8,862 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Pan American Silver were worth $947,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in Pan American Silver by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock valued at $824,632,000 after purchasing an additional 2,328,306 shares during the last quarter. Ingalls & Snyder LLC lifted its stake in shares of Pan American Silver by 3.4% in the third quarter. Ingalls & Snyder LLC now owns 1,637,988 shares of the basic materials company’s stock worth $34,185,000 after buying an additional 53,500 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Pan American Silver by 7.6% during the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock valued at $31,713,000 after acquiring an additional 108,039 shares in the last quarter. FMR LLC raised its holdings in Pan American Silver by 1,834.8% in the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after acquiring an additional 1,275,475 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Pan American Silver by 30.1% in the 3rd quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock valued at $23,857,000 after acquiring an additional 264,772 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

Shares of PAAS opened at $24.97 on Thursday. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $26.05. The business has a fifty day moving average of $21.82 and a 200 day moving average of $21.70. 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 firm has a market capitalization of $9.07 billion, a P/E ratio of -146.89 and a beta of 1.28.

Wall Street Analysts Forecast Growth

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

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.