The Concert Wealth Management Inc. Maintains Position in Pan American Silver Corp. (PAAS)

The Concert Wealth Management Inc. Maintains Position in Pan American Silver Corp. (PAAS)

Concert Wealth Management Inc. held its position in Pan American Silver Corp. (NASDAQ:PAAS) during the second quarter, Holdings Channel reports. The fund owned 25,500 shares of the company’s stock at the end of the second quarter. Concert Wealth Management Inc.’s holdings in Pan American Silver Corp. were worth $420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aperio Group LLC increased its stake in Pan American Silver Corp. by 0.8% in the first quarter. Aperio Group LLC now owns 172,055 shares of the company’s stock valued at $1,870,000 after buying an additional 1,432 shares during the last quarter. AXA increased its stake in Pan American Silver Corp. by 0.3% in the first quarter. AXA now owns 631,726 shares of the company’s stock valued at $6,897,000 after buying an additional 1,700 shares during the last quarter. Geode Capital Management LLC increased its stake in Pan American Silver Corp. by 9.1% in the first quarter. Geode Capital Management LLC now owns 60,163 shares of the company’s stock valued at $653,000 after buying an additional 5,029 shares during the last quarter. Creative Planning increased its stake in Pan American Silver Corp. by 275.2% in the second quarter. Creative Planning now owns 9,381 shares of the company’s stock valued at $154,000 after buying an additional 6,881 shares during the last quarter. Finally, ING Groep NV bought a new stake in Pan American Silver Corp. during the second quarter valued at $211,000. Hedge funds and other institutional investors own 48.40% of the company’s stock.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded up 1.54% during trading on Thursday, reaching $15.86. The company had a trading volume of 833,373 shares. The company’s 50 day moving average is $17.49 and its 200-day moving average is $16.30. The stock’s market capitalization is $2.41 billion. Pan American Silver Corp. has a 1-year low of $5.38 and a 1-year high of $21.59.

Pan American Silver Corp. (NASDAQ:PAAS) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. Pan American Silver Corp. had a negative net margin of 24.35% and a negative return on equity of 0.26%. On average, equities research analysts anticipate that Pan American Silver Corp. will post $0.51 earnings per share for the current year.

Several equities analysts recently issued reports on the company. FBR & Co set a $21.00 price objective on Pan American Silver Corp. and gave the company a “hold” rating in a research report on Thursday, August 18th. TD Securities reaffirmed a “hold” rating and issued a $23.00 price objective (up from $18.00) on shares of Pan American Silver Corp. in a research report on Tuesday, August 16th. BMO Capital Markets cut Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, August 23rd. Zacks Investment Research raised Pan American Silver Corp. from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research report on Tuesday, July 19th. Finally, Scotiabank raised Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 13th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Pan American Silver Corp. presently has an average rating of “Buy” and a consensus price target of $20.50.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. (Pan American) is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia.

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