Jane Street Group LLC reduced its holdings in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 83.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,615 shares of the basic materials company’s stock after selling 63,432 shares during the period. Jane Street Group LLC’s holdings in Pan American Silver were worth $184,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Trust Co. of Vermont purchased a new position in Pan American Silver during the 4th quarter worth $29,000. Claybrook Capital LLC purchased a new stake in shares of Pan American Silver in the fourth quarter valued at about $33,000. PNC Financial Services Group Inc. boosted its holdings in shares of Pan American Silver by 83.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,400 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 2,000 shares in the last quarter. Clean Yield Group purchased a new stake in shares of Pan American Silver in the fourth quarter valued at about $110,000. Finally, HRT Financial LLC purchased a new stake in shares of Pan American Silver in the third quarter valued at about $151,000. 52.62% of the stock is currently owned by institutional investors.

Shares of NASDAQ:PAAS opened at $12.66 on Friday. Pan American Silver Corp. has a fifty-two week low of $12.12 and a fifty-two week high of $18.75. The stock has a market capitalization of $1.94 billion, a PE ratio of 32.46, a PEG ratio of 10.18 and a beta of -0.13.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 20th. The basic materials company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). Pan American Silver had a net margin of 1.38% and a return on equity of 3.80%. The company had revenue of $173.40 million during the quarter, compared to analyst estimates of $179.03 million. During the same quarter last year, the business earned $0.12 EPS. The firm’s revenue for the quarter was down 23.3% on a year-over-year basis. As a group, sell-side analysts expect that Pan American Silver Corp. will post 0.33 EPS for the current year.

PAAS has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Pan American Silver from a “hold” rating to a “sell” rating in a report on Saturday, March 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $21.00 target price on shares of Pan American Silver in a report on Friday, February 22nd. BidaskClub downgraded shares of Pan American Silver from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. National Bank Financial initiated coverage on shares of Pan American Silver in a report on Tuesday, March 26th. They issued a “sector perform” rating on the stock. Finally, Deutsche Bank raised shares of Pan American Silver from a “hold” rating to a “buy” rating and lowered their target price for the company from $17.50 to $15.50 in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.97.

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About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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Institutional Ownership by Quarter for Pan American Silver (NASDAQ:PAAS)

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