Strategic Financial Concepts LLC Invests $735,000 in Pan American Silver Corp. (NYSE:PAAS)

Strategic Financial Concepts LLC acquired a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 36,340 shares of the basic materials company's stock, valued at approximately $735,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ninety One SA PTY Ltd lifted its holdings in shares of Pan American Silver by 14.0% in the 4th quarter. Ninety One SA PTY Ltd now owns 29,925 shares of the basic materials company's stock worth $605,000 after acquiring an additional 3,669 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Pan American Silver by 12.9% in the 4th quarter. DAVENPORT & Co LLC now owns 69,384 shares of the basic materials company's stock worth $1,403,000 after acquiring an additional 7,911 shares during the last quarter. True North Advisors LLC bought a new stake in shares of Pan American Silver in the 4th quarter worth about $323,000. Janney Montgomery Scott LLC lifted its holdings in shares of Pan American Silver by 23.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 46,824 shares of the basic materials company's stock worth $947,000 after acquiring an additional 8,862 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Pan American Silver in the 4th quarter worth about $32,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PAAS shares. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Royal Bank of Canada raised their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday. 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.92.

Pan American Silver Trading Down 2.6 %

PAAS traded down $0.65 on Friday, reaching $24.43. 3,909,858 shares of the company traded hands, compared to its average volume of 2,849,540. Pan American Silver Corp. has a one year low of $12.19 and a one year high of $26.05. The firm has a fifty day simple moving average of $22.19 and a two-hundred day simple moving average of $21.83. The company has a market cap of $8.87 billion, a P/E ratio of -143.67 and a beta of 1.28. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver Company 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.