Global X Management Co buys $49,835,941 stake in Pan American Silver Corp. (USA) (PAAS)

Pan American Silver Corp. (USA) (PAAS) : Global X Management Co scooped up 1,458,597 additional shares in Pan American Silver Corp. (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 2,484,344 shares of Pan American Silver Corp. (USA) which is valued at $49,835,941.Pan American Silver Corp. (USA) makes up approximately 2.40% of Global X Management Co’s portfolio.

Other Hedge Funds, Including , Moors Cabot boosted its stake in PAAS in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 11,850 shares of Pan American Silver Corp. (USA) which is valued at $237,711. Pan American Silver Corp. (USA) makes up approx 0.04% of Moors Cabot’s portfolio.Nwam reduced its stake in PAAS by selling 1,366 shares or 9.51% in the most recent quarter. The Hedge Fund company now holds 12,999 shares of PAAS which is valued at $249,841. Pan American Silver Corp. (USA) makes up approx 0.10% of Nwam’s portfolio.Commonwealth Equity Services Inc boosted its stake in PAAS in the latest quarter, The investment management firm added 32,131 additional shares and now holds a total of 90,694 shares of Pan American Silver Corp. (USA) which is valued at $1,743,139. Pan American Silver Corp. (USA) makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.Quantbot Technologies Lp boosted its stake in PAAS in the latest quarter, The investment management firm added 9,413 additional shares and now holds a total of 51,976 shares of Pan American Silver Corp. (USA) which is valued at $1,022,888. Pan American Silver Corp. (USA) makes up approx 0.11% of Quantbot Technologies Lp’s portfolio.

Pan American Silver Corp. (USA) closed down -0.22 points or -1.05% at $20.74 with 29,06,103 shares getting traded on Wednesday. Post opening the session at $20.59, the shares hit an intraday low of $20.18 and an intraday high of $20.98 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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