Pan American Silver Corp. (USA) (PAAS) : Bienville Capital Management reduced its stake in Pan American Silver Corp. (USA) by 30.2% during the most recent quarter end. The investment management company now holds a total of 150,000 shares of Pan American Silver Corp. (USA) which is valued at $2.3 Million after selling 64,900 shares in Pan American Silver Corp. (USA) , the firm said in a disclosure report filed with the SEC on May 12, 2016.Pan American Silver Corp. (USA) makes up approximately 0.76% of Bienville Capital Management’s portfolio.
Other Hedge Funds, Including , United Services Automobile Association reduced its stake in PAAS by selling 697,000 shares or 32.77% in the most recent quarter. The Hedge Fund company now holds 1,430,000 shares of PAAS which is valued at $22.4 Million. Pan American Silver Corp. (USA) makes up approx 0.08% of United Services Automobile Association’s portfolio.Shell Asset Management Co boosted its stake in PAAS in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 18,259 shares of Pan American Silver Corp. (USA) which is valued at $285,753. Pan American Silver Corp. (USA) makes up approx 0.01% of Shell Asset Management Co’s portfolio.Moors Cabot reduced its stake in PAAS by selling 600 shares or 5.06% in the most recent quarter. The Hedge Fund company now holds 11,250 shares of PAAS which is valued at $176,063. Pan American Silver Corp. (USA) makes up approx 0.03% of Moors Cabot’s portfolio. Dynamic Advisors Solutions sold out all of its stake in PAAS during the most recent quarter. The investment firm sold 11,965 shares of PAAS which is valued $180,672.
Pan American Silver Corp. (USA) closed down -0.07 points or -0.48% at $14.63 with 34,89,546 shares getting traded on Friday. Post opening the session at $14.81, the shares hit an intraday low of $14.1833 and an intraday high of $14.9 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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.