Foundry Partners LLC Grows Position in Pan American Silver Corp. (PAAS)

Foundry Partners LLC boosted its position in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 2.5% in the third quarter, Holdings Channel reports. The firm owned 597,374 shares of the basic materials company’s stock after purchasing an additional 14,434 shares during the period. Foundry Partners LLC’s holdings in Pan American Silver were worth $8,817,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. boosted its position in Pan American Silver by 1,000.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 55,000 shares of the basic materials company’s stock valued at $984,000 after purchasing an additional 50,000 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Pan American Silver by 25.2% during the second quarter. Russell Investments Group Ltd. now owns 152,687 shares of the basic materials company’s stock valued at $2,699,000 after purchasing an additional 30,748 shares during the last quarter. Tocqueville Asset Management L.P. boosted its position in Pan American Silver by 0.9% during the second quarter. Tocqueville Asset Management L.P. now owns 4,724,126 shares of the basic materials company’s stock valued at $84,562,000 after purchasing an additional 40,000 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in Pan American Silver during the second quarter valued at $297,000. Finally, Schroder Investment Management Group boosted its position in Pan American Silver by 27.3% during the second quarter. Schroder Investment Management Group now owns 222,803 shares of the basic materials company’s stock valued at $3,912,000 after purchasing an additional 47,793 shares during the last quarter. 49.25% of the stock is owned by hedge funds and other institutional investors.

NASDAQ PAAS opened at $15.42 on Thursday. Pan American Silver Corp. has a fifty-two week low of $13.97 and a fifty-two week high of $18.75. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 5.83 and a beta of 0.19.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 8th. The basic materials company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.07. Pan American Silver had a return on equity of 7.06% and a net margin of 17.95%. The company had revenue of $216.46 million for the quarter, compared to analyst estimates of $213.63 million. On average, equities research analysts anticipate that Pan American Silver Corp. will post 0.63 EPS for the current year.

A number of analysts recently issued reports on the company. TD Securities set a $23.00 price objective on Pan American Silver and gave the company a “buy” rating in a research report on Thursday, August 9th. ValuEngine raised Pan American Silver from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Deutsche Bank cut Pan American Silver from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research report on Wednesday, July 11th. Scotiabank cut Pan American Silver from an “outperform” rating to a “sector perform” rating and set a $18.00 price objective for the company. in a research report on Monday, July 16th. Finally, BidaskClub cut Pan American Silver from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Pan American Silver currently has an average rating of “Buy” and an average target price of $20.33.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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Institutional Ownership by Quarter for Pan American Silver (NASDAQ:PAAS)

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