Foundry Partners LLC Has $4.46 Million Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Foundry Partners LLC increased its holdings in shares of Pan American Silver Corp. (NYSE:PAASFree Report) (TSE:PAAS) by 32.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 308,038 shares of the basic materials company’s stock after purchasing an additional 76,006 shares during the period. Foundry Partners LLC owned approximately 0.08% of Pan American Silver worth $4,460,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Captrust Financial Advisors raised its holdings in Pan American Silver by 1,220.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 1,220 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Pan American Silver in the 1st quarter worth approximately $34,000. Harbour Investments Inc. acquired a new position in shares of Pan American Silver in the 2nd quarter worth approximately $31,000. FNY Investment Advisers LLC raised its holdings in shares of Pan American Silver by 104.4% in the 3rd quarter. FNY Investment Advisers LLC now owns 2,300 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,175 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Pan American Silver by 123.1% in the 2nd quarter. FMR LLC now owns 2,441 shares of the basic materials company’s stock worth $48,000 after buying an additional 1,347 shares in the last quarter. Institutional investors and hedge funds own 85.50% of the company’s stock.

Wall Street Analyst Weigh In

PAAS has been the subject of a number of recent research reports. BMO Capital Markets dropped their target price on Pan American Silver from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. StockNews.com cut Pan American Silver from a “hold” rating to a “sell” rating in a report on Monday, January 15th. TD Securities decreased their price target on Pan American Silver from $22.00 to $18.50 and set a “buy” rating on the stock in a research report on Friday, January 19th. Canaccord Genuity Group decreased their price target on Pan American Silver from $23.50 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, November 21st. Finally, CIBC decreased their price target on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.50.

Read Our Latest Stock Analysis on Pan American Silver

Pan American Silver Trading Up 1.1 %

Shares of Pan American Silver stock opened at $13.15 on Tuesday. Pan American Silver Corp. has a 12 month low of $12.83 and a 12 month high of $19.84. The company has a quick ratio of 1.20, a current ratio of 2.29 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $14.86 and its 200 day simple moving average is $15.04.

About Pan American Silver

(Free Report)

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, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, and Cap-Oeste Sur Este mines.

Further Reading

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

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