Sprott INC Decreased Its Position in Pan American Silver Corp (PAAS) by $3.26 Million

Pan American Silver Corp. (NASDAQ:PAAS) Logo

Sprott Inc decreased its stake in Pan American Silver Corp (PAAS) by 14.86% based on its latest 2018Q2 regulatory filing with the SEC. Sprott Inc sold 155,200 shares as the company’s stock declined 17.83% while stock markets rallied. The hedge fund held 888,958 shares of the precious metals company at the end of 2018Q2, valued at $18.89M, down from 1.04 million at the end of the previous reported quarter. Sprott Inc who had been investing in Pan American Silver Corp for a number of months, seems to be less bullish one the $2.11B market cap company. The stock increased 3.44% or $0.46 during the last trading session, reaching $13.84. About 1.60M shares traded. Pan American Silver Corp. (NASDAQ:PAAS) has declined 19.85% since December 8, 2017 and is downtrending. It has underperformed by 35.47% the S&P500.

Sprott Inc, which manages about $3.27B and $488.26M US Long portfolio, upped its stake in Alamos Gold Inc New by 442,400 shares to 654,428 shares, valued at $4.64M in 2018Q2, according to the filing.

Analysts await Pan American Silver Corp. (NASDAQ:PAAS) to report earnings on February, 19. They expect $0.09 EPS, down 30.77 % or $0.04 from last year’s $0.13 per share. PAAS’s profit will be $13.75 million for 38.44 P/E if the $0.09 EPS becomes a reality. After $-0.03 actual EPS reported by Pan American Silver Corp. for the previous quarter, Wall Street now forecasts -400.00 % EPS growth.

More notable recent Pan American Silver Corp. (NASDAQ:PAAS) news were published by: Globenewswire.com which released: “Nasdaq Helsinki welcomes Nordic ID to Nasdaq First North Finland – GlobeNewswire” on November 30, 2018, also Investingnews.com with their article: “Precious Metals Weekly Round-Up: Gold Up on Brexit Chaos – Investing News Network” published on November 16, 2018, Fool.com published: “Why Penn National Gaming, Canada Goose Holdings, and Tahoe Resources Jumped Today – The Motley Fool” on November 14, 2018. More interesting news about Pan American Silver Corp. (NASDAQ:PAAS) were released by: Seekingalpha.com and their article: “Pan Am Silver beats on earnings, revenues but cuts copper production view – Seeking Alpha” published on August 08, 2018 as well as Nasdaq.com‘s news article titled: “4 ‘Strong Buy’ Stocks Oppenheimer Likes Right Now – Nasdaq” with publication date: November 29, 2018.

Pan American Silver Corp. (NASDAQ:PAAS) Ratings Coverage

Among 3 analysts covering Pan American Silver (NASDAQ:PAAS), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Pan American Silver had 3 analyst reports since July 11, 2018 according to SRatingsIntel. The firm earned “Underperform” rating on Monday, November 19 by Bank of America. The firm has “Hold” rating given on Wednesday, July 11 by Deutsche Bank. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Thursday, November 15.

Pan American Silver Corp. (NASDAQ:PAAS) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.