Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Foundry Partners LLC

Foundry Partners LLC cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 22.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 247,118 shares of the basic materials company's stock after selling 72,951 shares during the quarter. Foundry Partners LLC owned about 0.07% of Pan American Silver worth $4,997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAAS. Norges Bank purchased a new stake in Pan American Silver during the 4th quarter worth about $91,916,000. FMR LLC grew its stake in shares of Pan American Silver by 1,834.8% during the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock worth $28,084,000 after purchasing an additional 1,275,475 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Pan American Silver in the fourth quarter valued at $24,083,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Pan American Silver by 135.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company's stock worth $21,463,000 after buying an additional 611,545 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Pan American Silver by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock valued at $40,776,000 after purchasing an additional 494,133 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

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Pan American Silver Price Performance

Shares of NYSE:PAAS traded up $0.33 on Thursday, reaching $24.74. 2,718,153 shares of the company were exchanged, compared to its average volume of 3,777,888. The company has a 50-day moving average of $24.73 and a 200-day moving average of $23.04. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 77.35 and a beta of 1.06. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $27.47.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Equities analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.62%. Pan American Silver's dividend payout ratio (DPR) is presently 125.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Scotiabank increased their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a research note on Tuesday, February 25th. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Royal Bank of Canada lifted their target price on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Finally, TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and lowered their price objective for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Pan American Silver presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.92.

Pan American Silver Profile

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.