Foundry Partners LLC boosted its holdings in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 7.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 482,832 shares of the basic materials company’s stock after acquiring an additional 33,867 shares during the period. Foundry Partners LLC owned 0.32% of Pan American Silver Corp. worth $8,232,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bennicas & Associates Inc. grew its holdings in Pan American Silver Corp. by 5.0% during the 3rd quarter. Bennicas & Associates Inc. now owns 83,450 shares of the basic materials company’s stock worth $1,423,000 after acquiring an additional 4,000 shares during the period. Fox Run Management L.L.C. acquired a new stake in Pan American Silver Corp. during the 3rd quarter worth $641,000. Shell Asset Management Co. grew its holdings in Pan American Silver Corp. by 148.3% during the 3rd quarter. Shell Asset Management Co. now owns 37,145 shares of the basic materials company’s stock worth $457,000 after acquiring an additional 22,186 shares during the period. Verition Fund Management LLC acquired a new stake in Pan American Silver Corp. during the 2nd quarter worth $259,000. Finally, National Asset Management Inc. grew its holdings in Pan American Silver Corp. by 4.3% during the 2nd quarter. National Asset Management Inc. now owns 20,450 shares of the basic materials company’s stock worth $344,000 after acquiring an additional 850 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts have recently issued reports on the stock. BidaskClub lowered shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Royal Bank Of Canada set a $22.00 price target on shares of Pan American Silver Corp. and gave the company a “buy” rating in a report on Thursday, August 10th. TheStreet lowered shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $23.00 price target on shares of Pan American Silver Corp. in a report on Friday, October 6th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Pan American Silver Corp. presently has an average rating of “Hold” and a consensus target price of $20.89.

Pan American Silver Corp. (NASDAQ PAAS) traded down $0.17 on Friday, reaching $16.15. 1,063,681 shares of the company traded hands, compared to its average volume of 1,016,646. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 3.78. The firm has a market capitalization of $2.51 billion, a P/E ratio of 28.72, a PEG ratio of 8.75 and a beta of 0.15.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $184.96 million. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. research analysts expect that Pan American Silver Corp. will post 0.47 EPS for the current fiscal year.

About Pan American Silver Corp.

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

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

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