Bennicas & Associates Inc. increased its stake in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 1.3% during the first quarter, Holdings Channel reports. The fund owned 79,450 shares of the basic materials company’s stock after buying an additional 1,000 shares during the period. Bennicas & Associates Inc.’s holdings in Pan American Silver Corp. were worth $1,392,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PAAS. Bank of Montreal Can raised its position in shares of Pan American Silver Corp. by 10.1% in the first quarter. Bank of Montreal Can now owns 635,654 shares of the basic materials company’s stock worth $11,137,000 after buying an additional 58,287 shares in the last quarter. Foundry Partners LLC raised its position in shares of Pan American Silver Corp. by 16.4% in the first quarter. Foundry Partners LLC now owns 415,539 shares of the basic materials company’s stock worth $7,280,000 after buying an additional 58,687 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Pan American Silver Corp. by 84.0% in the fourth quarter. Macquarie Group Ltd. now owns 28,700 shares of the basic materials company’s stock worth $432,000 after buying an additional 13,106 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Pan American Silver Corp. during the fourth quarter worth $404,000. Finally, Norges Bank acquired a new position in shares of Pan American Silver Corp. during the fourth quarter worth $13,710,000. Institutional investors own 46.26% of the company’s stock.

Institutional Ownership by Quarter for Pan American Silver Corp. (NASDAQ:PAAS)

Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded down 0.822% during midday trading on Tuesday, hitting $18.695. 1,000,424 shares of the stock were exchanged. The firm’s 50 day moving average price is $17.43 and its 200-day moving average price is $17.22. The stock has a market cap of $2.86 billion, a P/E ratio of 28.412 and a beta of 0.55. Pan American Silver Corp. has a 52-week low of $13.40 and a 52-week high of $21.59.

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A number of equities analysts have weighed in on the stock. Credit Suisse Group AG reiterated a “neutral” rating on shares of Pan American Silver Corp. in a research report on Tuesday. Royal Bank of Canada upgraded shares of Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $17.20 to $22.00 in a research report on Tuesday, March 21st. CSFB assumed coverage on shares of Pan American Silver Corp. in a research report on Thursday, April 13th. They set a “neutral” rating for the company. BMO Capital Markets lowered shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $21.00 to $19.00 in a research report on Friday, March 31st. Finally, Scotiabank increased their target price on shares of Pan American Silver Corp. from $20.00 to $20.50 and gave the stock a “sector perform” rating in a research report on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Pan American Silver Corp. has an average rating of “Hold” and a consensus price target of $19.75.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

5 Day Chart for NASDAQ:PAAS

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