Foundry Partners LLC Decreases Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Foundry Partners LLC reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 28.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 221,841 shares of the basic materials company's stock after selling 86,197 shares during the quarter. Foundry Partners LLC owned about 0.06% of Pan American Silver worth $3,623,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. HTLF Bank bought a new stake in Pan American Silver during the 4th quarter worth approximately $163,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Pan American Silver by 6.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 229,503 shares of the basic materials company's stock worth $3,765,000 after purchasing an additional 13,644 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in Pan American Silver by 0.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 174,400 shares of the basic materials company's stock worth $2,861,000 after purchasing an additional 900 shares in the last quarter. Ingalls & Snyder LLC increased its holdings in Pan American Silver by 14.1% during the 4th quarter. Ingalls & Snyder LLC now owns 1,609,577 shares of the basic materials company's stock worth $26,284,000 after purchasing an additional 199,479 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Pan American Silver during the 4th quarter worth approximately $901,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Up 2.0 %

Shares of NYSE:PAAS traded up $0.36 on Tuesday, reaching $18.60. 3,466,269 shares of the company traded hands, compared to its average volume of 4,381,328. The business's 50-day simple moving average is $15.12 and its 200 day simple moving average is $14.90. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $20.60. The stock has a market capitalization of $6.76 billion, a P/E ratio of -62.00, a price-to-earnings-growth ratio of 2.14 and a beta of 1.44. The company has a current ratio of 2.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.12). Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The company had revenue of $669.60 million for the quarter, compared to the consensus estimate of $657.65 million. During the same period last year, the business posted ($0.02) earnings per share. As a group, equities analysts anticipate that Pan American Silver Corp. will post 0.47 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.10 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.15%. Pan American Silver's payout ratio is presently -133.33%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com lowered Pan American Silver from a "hold" rating to a "sell" rating in a report on Monday, January 15th. Jefferies Financial Group increased their price objective on Pan American Silver from $14.00 to $17.00 and gave the company a "hold" rating in a report on Monday. CIBC reduced their price objective on Pan American Silver from $28.00 to $27.50 and set an "outperform" rating for the company in a report on Wednesday, February 7th. Scotiabank increased their target price on Pan American Silver from $19.50 to $20.00 and gave the stock a "sector outperform" rating in a research report on Monday, April 8th. Finally, TD Securities dropped their target price on Pan American Silver from $18.50 to $17.50 and set a "buy" rating on the stock in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Pan American Silver has an average rating of "Moderate Buy" and an average target price of $21.00.

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.