IL increased its stake in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 1.7% during the second quarter, according to its most recent disclosure with the SEC. Similar statistics are true for the second largest owner, Connor, Clark & Lunn Investment Management Ltd., which owns 3,816,919 shares of the stock are valued at $24.73 million.
Other institutional investors also recently modified their holdings of the company.
Several analysts have released their opinion on First Majestic Silver Corp. As of quarter end Vanguard Group Inc had acquired a total of 2,703 shares growing its holdings by 34.7%.
This table compares Pan American Silver Corp. and Silver Standard Resources’ revenue, earnings per share and valuation. The number of shares now owned by investors are 165.17 mln.
Pan American Silver Corp. now has a consensus price target of $21.00, indicating a potential upside of 17.12%. Silver Standard Resources is trading at a lower price-to-earnings ratio than Pan American Silver Corp., indicating that it is now the more affordable of the two stocks. It has been assigned a low target price of $7.58 and a high target price of $14. The company was maintained on Tuesday, July 18 by Stifel Nicolaus. The P/E ratio is now 83.08 and the market cap is 1.07B.
Company chares are trading at $6.48 which is slightly below $7.20, the stock’s 50 day moving average and which is much lower than the 200 day moving average of $8.17.
About Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 9th. However the company reported $0.07 earnings per share for the same quarter during previous year. Average estimation for the current quarter has been provided by 4 analysts.
While considering growth estimates of the company, it has next quarter growth estimates of 200% whereas during current quarter it has -85.7% estimations over growth, comparing to the estimations of -83.3% during current year and 900% for next year. During the same quarter in the prior year, the business earned $0.13 EPS. On average, analysts predict that Pan American Silver Corp. will post $0.54 earnings per share for the current year.
Pan American Silver Corp.is a silver production company. The original version of this story can be accessed at https://www.truebluetribune.com/2017/08/29/blair-william-co-il-has-1-19-million-position-in-pan-american-silver-corp-paas.html. BMO Capital Markets downgraded it to “Underperform” rating and $5.50 target in Monday, March 14 report. BidaskClub lowered Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th.
Taking a broader look at the analyst consensus, according to 4 analysts First Majestic Silver (NYSE:AG)’s price will reach at $11.45 during 52 weeks. (NYSE:AG), 2 have Buy rating, 3 Sell and 3 Hold. Keeping an eye on the volatile stocks may help spot market abnormalities.
About Pan American Silver Corp. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Firm operates through eight divisions, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.