Ingalls & Snyder LLC Buys 89,011 Shares of Pan American Silver Corp. (NYSE:PAAS)

Ingalls & Snyder LLC increased its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,726,999 shares of the basic materials company’s stock after purchasing an additional 89,011 shares during the quarter. Pan American Silver makes up approximately 1.4% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 13th biggest position. Ingalls & Snyder LLC owned approximately 0.48% of Pan American Silver worth $34,920,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA bought a new stake in Pan American Silver during the fourth quarter valued at about $27,000. Eastern Bank bought a new stake in Pan American Silver during the third quarter valued at about $28,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver during the fourth quarter valued at about $30,000. Wilmington Savings Fund Society FSB bought a new stake in Pan American Silver during the third quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. bought a new stake in Pan American Silver during the fourth quarter valued at about $32,000. 55.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Royal Bank of Canada lifted their target price on 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 assigned a buy rating to the stock. Based on data from MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus target price of $25.92.

Pan American Silver Trading Up 3.8 %

Shares of PAAS stock opened at $25.23 on Thursday. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $26.05. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average price is $22.09 and its 200-day moving average price is $21.79. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of -148.40 and a beta of 1.28.

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.