Fox Run Management L.L.C. Makes New Investment in Pan American Silver Corp. (NYSE:PAAS)

Fox Run Management L.L.C. purchased a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 47,769 shares of the basic materials company's stock, valued at approximately $966,000.

A number of other large investors also recently modified their holdings of the business. Comprehensive Financial Planning Inc. PA acquired a new stake in Pan American Silver in the fourth quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver during the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB purchased a new position in Pan American Silver during the 3rd quarter worth approximately $32,000. Decker Retirement Planning Inc. purchased a new stake in shares of Pan American Silver in the fourth quarter valued at $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Pan American Silver during the 4th quarter worth about $32,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAAS has been the topic of several research analyst reports. Royal Bank of Canada boosted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. TD Securities downgraded Pan American Silver from a "buy" rating to a "hold" rating and cut their price objective for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Scotiabank upped their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a report on Tuesday, February 25th. Finally, StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $27.92.

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Pan American Silver Price Performance

PAAS traded up $0.67 during midday trading on Thursday, reaching $26.42. 3,970,089 shares of the company's stock were exchanged, compared to its average volume of 3,812,033. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 82.58 and a beta of 1.25. Pan American Silver Corp. has a one year low of $14.69 and a one year high of $27.47. The business has a 50-day simple moving average of $24.26 and a two-hundred day simple moving average of $22.74.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. As a group, research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.51%. Pan American Silver's dividend payout ratio (DPR) is currently 125.00%.

Pan American Silver Company 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.