Triasima Portfolio Management inc. Buys New Position in Pan American Silver Corp. (NYSE:PAAS)

Triasima Portfolio Management inc. bought a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 143,975 shares of the basic materials company's stock, valued at approximately $2,911,000.

Other large investors also recently made changes to their positions in the company. Eastern Bank bought a new position in shares of Pan American Silver during the 3rd quarter worth approximately $28,000. Laurel Wealth Advisors LLC purchased a new stake in Pan American Silver during the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new position in Pan American Silver in the 3rd quarter worth about $32,000. Decker Retirement Planning Inc. purchased a new position in Pan American Silver during the 4th quarter valued at about $32,000. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Pan American Silver by 102.5% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company's stock worth $70,000 after buying an additional 1,700 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on PAAS. 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 upped their price target 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $25.92.

Pan American Silver Price Performance

PAAS stock traded down $0.47 during midday trading on Tuesday, reaching $24.70. The company had a trading volume of 1,371,078 shares, compared to its average volume of 2,815,953. The firm has a 50-day moving average price of $22.01 and a 200-day moving average price of $21.74. 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 company has a market capitalization of $8.97 billion, a P/E ratio of -145.40 and a beta of 1.28. Pan American Silver Corp. has a 1 year low of $12.16 and a 1 year 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.