Pan American Silver Corp (PAAS) Shareholder Sprott INC Cut Stake by $3.26 Million as Market Value Declined

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 $18.89 million, down from 1.04M 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 $2.11 billion 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 Newmont Mining Corp (NYSE:NEM) by 250,167 shares to 266,609 shares, valued at $12.52 million 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 $13.75M 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: Nasdaq.com which released: “Weyland Tech Continues to Execute on Its Growth Plans and CEO Makes Further Commitment With Additional Stock Purchases – Nasdaq” on December 06, 2018, also Seekingalpha.com with their article: “Pan Am Silver beats on earnings, revenues but cuts copper production view – Seeking Alpha” published on August 08, 2018, Nasdaq.com published: “Pan American Silver (PAAS) Reports Q3 Loss, Misses Revenue Estimates – Nasdaq” on November 06, 2018. More interesting news about Pan American Silver Corp. (NASDAQ:PAAS) were released by: Globenewswire.com and their article: “No Change at the Top as AWS Remains the Leading Public Cloud Provider in all Regions – GlobeNewswire” published on November 20, 2018 as well as Seekingalpha.com‘s news article titled: “Merger Arbitrage Mondays – December 3, 2018 – Seeking Alpha” with publication date: December 05, 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 rating was downgraded by RBC Capital Markets to “Sector Perform” on Thursday, November 15. The firm earned “Underperform” rating on Monday, November 19 by Bank of America. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, July 11 report.

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

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