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

Foundry Partners LLC lowered its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 22.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 247,118 shares of the basic materials company’s stock after selling 72,951 shares during the period. Foundry Partners LLC owned approximately 0.07% of Pan American Silver worth $4,997,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Comprehensive Financial Planning Inc. PA purchased a new stake in Pan American Silver during the fourth quarter valued at about $27,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver in the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Pan American Silver in the third quarter worth approximately $32,000. Decker Retirement Planning Inc. bought a new position in Pan American Silver during the fourth quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Pan American Silver during the fourth quarter worth approximately $32,000. Institutional investors own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Wednesday. Scotiabank boosted their target price on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. Royal Bank of Canada lifted their price target on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and dropped their price objective for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver currently has an average rating of “Hold” and a consensus target price of $27.92.

Pan American Silver Price Performance

Shares of PAAS stock opened at $21.46 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The firm has a market cap of $7.77 billion, a P/E ratio of 67.06 and a beta of 1.25. The business’s 50 day moving average price is $24.72 and its 200-day moving average price is $22.97. Pan American Silver Corp. has a fifty-two week low of $16.57 and a fifty-two week 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 earnings per share (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 business had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. On average, equities research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

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