Ingalls & Snyder LLC Increases Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Ingalls & Snyder LLC boosted its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,726,999 shares of the basic materials company's stock after buying an additional 89,011 shares during the quarter. Pan American Silver makes up 1.4% of Ingalls & Snyder LLC's holdings, making the stock its 13th biggest holding. Ingalls & Snyder LLC owned approximately 0.48% of Pan American Silver worth $34,920,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of Pan American Silver by 6.3% during the third 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 in the last quarter. FMR LLC boosted its stake in shares of Pan American Silver by 1,834.8% during the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock valued at $28,084,000 after purchasing an additional 1,275,475 shares in the last quarter. Marlin Sams Capital Management LLC raised its position in shares of Pan American Silver by 89.2% during the third quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company's stock worth $14,609,000 after acquiring an additional 330,000 shares during the last quarter. National Bank of Canada FI raised its position in shares of Pan American Silver by 30.1% during the third quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company's stock worth $23,857,000 after acquiring an additional 264,772 shares during the last quarter. Finally, Triasima Portfolio Management inc. bought a new position in shares of Pan American Silver during the fourth quarter worth about $2,911,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. StockNews.com downgraded 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.92.

Pan American Silver Trading Down 2.6 %

PAAS stock traded down $0.65 during mid-day trading on Friday, reaching $24.43. The company's stock had a trading volume of 3,909,858 shares, compared to its average volume of 2,849,540. The company has a market cap of $8.87 billion, a price-to-earnings ratio of -143.67 and a beta of 1.28. The business's 50 day moving average price is $22.19 and its 200 day moving average price is $21.83. 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 Corp. has a 12 month low of $12.19 and a 12 month high of $26.05.

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.