Swiss National Bank Lowers Holdings in Pan American Silver Corp. (NYSE:PAAS)

Swiss National Bank lessened its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 4.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,053,919 shares of the basic materials company’s stock after selling 43,700 shares during the quarter. Swiss National Bank’s holdings in Pan American Silver were worth $21,311,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. US Bancorp DE raised its position in shares of Pan American Silver by 9.6% in the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 539 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Pan American Silver by 23.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 549 shares during the last quarter. Principal Securities Inc. raised its position in shares of Pan American Silver by 12.5% in the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 664 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Pan American Silver by 3.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock worth $558,000 after purchasing an additional 951 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Pan American Silver by 164.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company’s stock worth $39,000 after buying an additional 1,209 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

PAAS has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Scotiabank boosted their target price on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Tuesday, February 25th. Finally, StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.92.

Pan American Silver Price Performance

NYSE PAAS opened at $26.61 on Wednesday. Pan American Silver Corp. has a 52 week low of $13.52 and a 52 week high of $27.47. The firm has a market capitalization of $9.64 billion, a P/E ratio of 83.15 and a beta of 1.25. 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 company has a 50-day moving average price of $23.69 and a 200-day moving average price of $22.48.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%. 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.