Sun Valley Gold Lowers stake in Pan American Silver Corp. (USA) (PAAS)

Pan American Silver Corp. (USA) (PAAS) : Sun Valley Gold reduced its stake in Pan American Silver Corp. (USA) by 57.81% during the most recent quarter end. The investment management company now holds a total of 271,486 shares of Pan American Silver Corp. (USA) which is valued at $5,595,326 after selling 372,000 shares in Pan American Silver Corp. (USA) , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Pan American Silver Corp. (USA) makes up approximately 1.32% of Sun Valley Gold’s portfolio.

Other Hedge Funds, Including , Winfield Associates sold out all of its stake in PAAS during the most recent quarter. The investment firm sold 300 shares of PAAS which is valued $6,183.Comerica Bank reduced its stake in PAAS by selling 466 shares or 2.53% in the most recent quarter. The Hedge Fund company now holds 17,968 shares of PAAS which is valued at $370,320.Vanguard Group Inc boosted its stake in PAAS in the latest quarter, The investment management firm added 268,427 additional shares and now holds a total of 2,445,768 shares of Pan American Silver Corp. (USA) which is valued at $50,407,278.Feltz Wealth Plan reduced its stake in PAAS by selling 88 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 88 shares of PAAS which is valued at $1,765.Tocqueville Asset Management boosted its stake in PAAS in the latest quarter, The investment management firm added 408,500 additional shares and now holds a total of 6,372,251 shares of Pan American Silver Corp. (USA) which is valued at $124,258,895. Pan American Silver Corp. (USA) makes up approx 1.55% of Tocqueville Asset Management’s portfolio.

Pan American Silver Corp. (USA) opened for trading at $17.3 and hit $18.174 on the upside on Thursday, eventually ending the session at $18.05, with a gain of 3.68% or 0.64 points. The heightened volatility saw the trading volume jump to 35,75,544 shares. Company has a market cap of $2,747 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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