Cheviot Value Management Lowers stake in Pan American Silver Corp. (USA) (PAAS)

Pan American Silver Corp. (USA) (PAAS) : Cheviot Value Management reduced its stake in Pan American Silver Corp. (USA) by 0.44% during the most recent quarter end. The investment management company now holds a total of 262,498 shares of Pan American Silver Corp. (USA) which is valued at $4.1 Million after selling 1,170 shares in Pan American Silver Corp. (USA) , the firm said in a disclosure report filed with the SEC on May 13, 2016.Pan American Silver Corp. (USA) makes up approximately 2.50% of Cheviot Value Management’s portfolio.

Other Hedge Funds, Including , Marshall Wace Llp sold out all of its stake in PAAS during the most recent quarter. The investment firm sold 26,900 shares of PAAS which is valued $420,985.Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in PAAS in the latest quarter, The investment management firm added 49,200 additional shares and now holds a total of 268,400 shares of Pan American Silver Corp. (USA) which is valued at $4.2 Million. Pan American Silver Corp. (USA) makes up approx 0.06% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Richard C. Young Ltd. boosted its stake in PAAS in the latest quarter, The investment management firm added 146,895 additional shares and now holds a total of 247,060 shares of Pan American Silver Corp. (USA) which is valued at $3.9 Million. Pan American Silver Corp. (USA) makes up approx 0.86% of Richard C. Young Ltd.’s portfolio.Cibc World Markets boosted its stake in PAAS in the latest quarter, The investment management firm added 16,649 additional shares and now holds a total of 55,693 shares of Pan American Silver Corp. (USA) which is valued at $840,964.

Pan American Silver Corp. (USA) opened for trading at $13.64 and hit $14.35 on the upside on Wednesday, eventually ending the session at $14.24, with a gain of 3.34% or 0.46 points. The heightened volatility saw the trading volume jump to 31,49,087 shares. Company has a market cap of $2,165 M.

On the company’s financial health, Pan American Silver Corp. (USA) reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 12, 2016. Analyst had a consensus of $-0.03. The company had revenue of $158.30 million for the quarter, compared to analysts expectations of $165.16 million. The company’s revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on Pan American Silver Corp. (USA). Company shares were Reiterated by FBR Capital on May 16, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 16 from a previous price target of $12 .Pan American Silver Corp. (USA) was Upgraded by CIBC to ” Sector Outperform” on Apr 8, 2016. Deutsche Bank Downgraded Pan American Silver Corp. (USA) on Mar 23, 2016 to ” Hold”, Price Target of the shares are set at $10.50.

Pan American Silver Corp (Pan American) is a Canada-based company engaged in the development and exploration of silver producing properties and assets. The Company’s principal product is silver and also produces and sells gold zinc lead and copper. It is engaged in mining operations and is developing mining projects in Mexico Peru Argentina and Bolivia and has control over non-producing silver assets in each of those jurisdictions and in the United States. The Company’s principal products and sources of sales are silver and gold ore as well as silver bearing zinc lead and copper concentrates. It operates among others the Huaron Morococha Alamo Dorado Dolores La Colorada Manantial Espejo and San Vicente mines.

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