Foundry Partners LLC Sells 72,951 Shares of Pan American Silver Corp. (NYSE:PAAS)

Foundry Partners LLC reduced its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,118 shares of the basic materials company’s stock after selling 72,951 shares during the period. Foundry Partners LLC’s holdings in Pan American Silver were worth $4,997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Pan American Silver during the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC purchased a new position in Pan American Silver during the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB bought a new stake in Pan American Silver in the third quarter worth $32,000. Decker Retirement Planning Inc. purchased a new stake in shares of Pan American Silver in the fourth quarter worth $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Pan American Silver during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on PAAS. TD Securities downgraded shares of 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 report on Tuesday, March 11th. Scotiabank raised 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 research report on Tuesday, February 25th. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Royal Bank of Canada increased 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Pan American Silver currently has an average rating of “Hold” and a consensus target price of $27.92.

Pan American Silver Trading Down 12.1 %

Shares of PAAS stock opened at $21.46 on Friday. The stock has a market capitalization of $7.77 billion, a P/E ratio of 67.06 and a beta of 1.25. 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’s 50 day moving average is $24.72 and its 200 day moving average is $22.97. Pan American Silver Corp. has a 12-month low of $16.57 and a 12-month high of $27.47.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The company had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

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.