WFG Advisors LP Has $196,000 Holdings in Pan American Silver Corp. (PAAS)

WFG Advisors LP cut its holdings in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 27.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,629 shares of the basic materials company’s stock after selling 4,500 shares during the period. WFG Advisors LP’s holdings in Pan American Silver Corp. were worth $196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of Pan American Silver Corp. during the 1st quarter valued at $164,000. Alliancebernstein L.P. purchased a new stake in shares of Pan American Silver Corp. during the 2nd quarter valued at $170,000. Sigma Planning Corp purchased a new stake in shares of Pan American Silver Corp. during the 2nd quarter valued at $181,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Pan American Silver Corp. during the 2nd quarter valued at $189,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Pan American Silver Corp. by 1,091.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock valued at $189,000 after buying an additional 7,934 shares during the period. Institutional investors own 53.88% of the company’s stock.

Shares of Pan American Silver Corp. (NASDAQ PAAS) traded up 0.41% during mid-day trading on Thursday, reaching $16.95. 81,287 shares of the company were exchanged. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 21.68 and a beta of 0.14. Pan American Silver Corp. has a 12 month low of $13.80 and a 12 month high of $21.29. The firm’s 50-day moving average is $17.69 and its 200-day moving average is $17.26.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The company had revenue of $201.30 million for the quarter, compared to analyst estimates of $184.96 million. During the same quarter in the prior year, the business posted $0.13 EPS. Pan American Silver Corp.’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Pan American Silver Corp. will post $0.56 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Canaccord Genuity reissued a “buy” rating and set a $22.00 price objective on shares of Pan American Silver Corp. in a research note on Thursday, September 7th. BMO Capital Markets reissued a “hold” rating and set a $17.50 price objective on shares of Pan American Silver Corp. in a research note on Wednesday, September 20th. TheStreet cut shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research note on Friday, July 28th. Finally, BidaskClub cut shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.89.

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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.

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

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