Foundry Partners LLC Purchases 59,304 Shares of Pan American Silver Corp. (NYSE:PAAS)

Foundry Partners LLC grew its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 22.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,069 shares of the basic materials company's stock after acquiring an additional 59,304 shares during the period. Foundry Partners LLC owned about 0.09% of Pan American Silver worth $6,680,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in shares of Pan American Silver by 3.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company's stock worth $558,000 after buying an additional 951 shares during the period. Swiss National Bank boosted its stake in Pan American Silver by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,097,619 shares of the basic materials company's stock valued at $22,955,000 after purchasing an additional 3,400 shares during the period. CIBC Asset Management Inc increased its position in Pan American Silver by 0.3% during the 3rd quarter. CIBC Asset Management Inc now owns 598,855 shares of the basic materials company's stock worth $12,510,000 after buying an additional 2,020 shares during the period. Plato Investment Management Ltd bought a new stake in shares of Pan American Silver in the third quarter valued at about $685,000. Finally, Oppenheimer & Co. Inc. bought a new position in Pan American Silver during the third quarter worth about $212,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Performance

PAAS stock opened at $22.42 on Thursday. The company has a fifty day moving average price of $22.40 and a 200-day moving average price of $21.38. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $26.05.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.10 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.78%. Pan American Silver's dividend payout ratio (DPR) is presently -235.28%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Royal Bank of Canada increased their target price on Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Finally, StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.93.

About Pan American Silver

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.

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