As Pan American Silver Corp (PAAS) Market Valuation Rose, Sprott INC Lifted Its Stake

June 14, 2018 - By Michael Collier

Pan American Silver Corp. (NASDAQ:PAAS) Logo

Eric Sprott increased its stake in Pan American Silver Corp (PAAS) by 197.2% based on its latest 2018Q1 regulatory filing with the SEC. Sprott Inc bought 692,828 shares as the company’s stock rose 15.87% while stock markets declined. The hedge fund run by Eric Sprott held 1.04 million shares of the precious metals company at the end of 2018Q1, valued at $16.83M, up from 351,330 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 bullish on the $2.78 billion market cap company. The stock decreased 0.03% or $0.005 during the last trading session, reaching $18.055. About 403,156 shares traded. Pan American Silver Corp. (NASDAQ:PAAS) has risen 2.79% since June 14, 2017 and is uptrending. It has underperformed by 9.78% the S&P500.

Another recent and important Pan American Silver Corp. (NASDAQ:PAAS) news was published by Nasdaq.com which published an article titled: “Detailed Research: Economic Perspectives on ExlService, Reading International, SMART Global, Silvercorp Metals …” on June 05, 2018.

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

Among 5 analysts covering Pan American Silver (NASDAQ:PAAS), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pan American Silver had 6 analyst reports since January 7, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, April 3 by Canaccord Genuity. B. Riley & Co maintained the stock with “Buy” rating in Tuesday, February 27 report. As per Friday, February 2, the company rating was maintained by RBC Capital Markets. Deutsche Bank maintained the shares of PAAS in report on Thursday, March 15 with “Buy” rating. The firm earned “Buy” rating on Sunday, January 7 by Canaccord Genuity. Scotia Capital maintained the shares of PAAS in report on Monday, January 8 with “Buy” rating.

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

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