Comprehensive Financial Planning Inc. PA Buys New Shares in Pan American Silver Corp. (NYSE:PAAS)

Comprehensive Financial Planning Inc. PA purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,336 shares of the basic materials company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triasima Portfolio Management inc. acquired a new stake in shares of Pan American Silver in the 4th quarter valued at about $2,911,000. Strategic Financial Concepts LLC bought a new stake in Pan American Silver in the 4th quarter valued at about $735,000. Ninety One SA PTY Ltd boosted its position in shares of Pan American Silver by 14.0% during the fourth quarter. Ninety One SA PTY Ltd now owns 29,925 shares of the basic materials company’s stock worth $605,000 after buying an additional 3,669 shares during the period. DAVENPORT & Co LLC boosted its position in Pan American Silver by 12.9% during the 4th quarter. DAVENPORT & Co LLC now owns 69,384 shares of the basic materials company’s stock worth $1,403,000 after acquiring an additional 7,911 shares during the period. Finally, True North Advisors LLC bought a new position in Pan American Silver in the 4th quarter valued at about $323,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver Stock Up 2.5 %

Shares of NYSE PAAS opened at $25.17 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market cap of $9.14 billion, a price-to-earnings ratio of -148.02 and a beta of 1.28. The firm’s 50-day simple moving average is $22.01 and its 200 day simple moving average is $21.74. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $26.05.

Pan American Silver Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.