Hussman Strategic Advisors Lowers stake in Pan American Silver Corp. (USA) (PAAS)

Pan American Silver Corp. (USA) (PAAS) : Hussman Strategic Advisors reduced its stake in Pan American Silver Corp. (USA) by 33.33% during the most recent quarter end. The investment management company now holds a total of 50,000 shares of Pan American Silver Corp. (USA) which is valued at $984,000 after selling 25,000 shares in Pan American Silver Corp. (USA) , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Pan American Silver Corp. (USA) makes up approximately 0.15% of Hussman Strategic Advisors’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in PAAS in the latest quarter, The investment management firm added 1,804 additional shares and now holds a total of 9,900 shares of Pan American Silver Corp. (USA) which is valued at $194,832. Diversified Trust Co sold out all of its stake in PAAS during the most recent quarter. The investment firm sold 30,673 shares of PAAS which is valued $572,051. Delta Asset Managementtn sold out all of its stake in PAAS during the most recent quarter. The investment firm sold 100 shares of PAAS which is valued $1,819.

Pan American Silver Corp. (USA) opened for trading at $19.73 and hit $19.95 on the upside on Thursday, eventually ending the session at $19.83, with a gain of 0.76% or 0.15 points. The heightened volatility saw the trading volume jump to 15,46,753 shares. Company has a market cap of $3,014 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 Jul 20, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 19 from a previous price target of $16 .Pan American Silver Corp. (USA) was Upgraded by Raymond James to ” Outperform” on Jun 27, 2016. Company shares were Reiterated by RBC Capital Mkts on Jun 13, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 15 from a previous price target of $12 .

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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