Fox Run Management L.L.C. Invests $966,000 in Pan American Silver Corp. (NYSE:PAAS)

Fox Run Management L.L.C. purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,769 shares of the basic materials company’s stock, valued at approximately $966,000.

Other large investors have also bought and sold shares of the company. Hillsdale Investment Management Inc. raised its position in shares of Pan American Silver by 204.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 412,800 shares of the basic materials company’s stock valued at $8,342,000 after acquiring an additional 277,300 shares during the last quarter. American Century Companies Inc. increased its holdings in Pan American Silver by 3.9% in the fourth quarter. American Century Companies Inc. now owns 1,392,853 shares of the basic materials company’s stock valued at $28,168,000 after purchasing an additional 52,777 shares during the last quarter. Semanteon Capital Management LP acquired a new position in Pan American Silver in the fourth quarter valued at about $1,017,000. Northwest & Ethical Investments L.P. boosted its holdings in Pan American Silver by 1.4% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 70,451 shares of the basic materials company’s stock worth $1,423,000 after buying an additional 972 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of Pan American Silver during the 4th quarter worth about $561,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on PAAS shares. Royal Bank of Canada increased their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Scotiabank boosted 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, TD Securities downgraded Pan American Silver from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Pan American Silver has an average rating of “Hold” and a consensus price target of $27.92.

Pan American Silver Stock Down 2.5 %

Shares of PAAS stock opened at $25.73 on Friday. Pan American Silver Corp. has a 12-month low of $13.91 and a 12-month high of $27.47. 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 fifty day moving average of $23.97 and a 200-day moving average of $22.60. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 80.42 and a beta of 1.25.

Pan American Silver (NYSE:PAAS) (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, meeting the consensus estimate of $0.35. The firm had revenue of $815.10 million for 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%. As a group, equities research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is currently 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.