Fox Run Management L.L.C. Has $434,000 Stock Position in Pan American Silver Corp. $PAAS

Key Points

• Fox Run Management L.L.C. reduced its stake in Pan American Silver Corp. by 64.8%, holding 16,800 shares valued at $434,000 after selling 30,969 shares in the first quarter.
• Pan American Silver recently declared a quarterly dividend increase, raising it from $0.10 to $0.12, representing a 1.5% dividend yield.
• The company reported better-than-expected earnings of $0.43 EPS for the last quarter, surpassing estimates by $0.03, with an 18.3% revenue growth compared to the previous year.

Fox Run Management L.L.C. lowered its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 64.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,800 shares of the basic materials company's stock after selling 30,969 shares during the period. Fox Run Management L.L.C.'s holdings in Pan American Silver were worth $434,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAAS. Envestnet Asset Management Inc. lifted its holdings in Pan American Silver by 19.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 32,862 shares of the basic materials company's stock worth $664,000 after buying an additional 5,276 shares during the period. Raymond James Financial Inc. acquired a new position in Pan American Silver during the 4th quarter worth about $6,834,000. Barclays PLC lifted its holdings in Pan American Silver by 3.8% during the 4th quarter. Barclays PLC now owns 63,791 shares of the basic materials company's stock worth $1,290,000 after buying an additional 2,352 shares during the period. Mariner LLC lifted its holdings in Pan American Silver by 6.0% during the 4th quarter. Mariner LLC now owns 24,865 shares of the basic materials company's stock worth $503,000 after buying an additional 1,408 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Pan American Silver by 61.9% during the 4th quarter. Marshall Wace LLP now owns 57,891 shares of the basic materials company's stock worth $1,171,000 after buying an additional 22,125 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Up 1.9%

Shares of Pan American Silver stock traded up $0.60 on Friday, hitting $32.64. 4,242,176 shares of the company's stock traded hands, compared to its average volume of 4,550,144. Pan American Silver Corp. has a one year low of $18.50 and a one year high of $32.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. The company has a fifty day moving average of $29.44 and a two-hundred day moving average of $26.61. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 0.42 and a beta of 0.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The company had revenue of $811.90 million for the quarter, compared to analyst estimates of $782.12 million. During the same quarter in the prior year, the company earned $0.11 EPS. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, sell-side analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a dividend of $0.12 per share. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. Pan American Silver's dividend payout ratio (DPR) is currently 33.10%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen downgraded Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Zacks Research downgraded Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday. CIBC reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 15th. Finally, TD Securities cut their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.40.

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.