Swiss National Bank Has $31.11 Million Position in Pan American Silver Corp. $PAAS

Swiss National Bank boosted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,100,419 shares of the basic materials company’s stock after purchasing an additional 67,300 shares during the quarter. Swiss National Bank owned about 0.30% of Pan American Silver worth $31,105,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PAAS. Envestnet Asset Management Inc. boosted its position in shares of Pan American Silver by 3.2% in the first quarter. Envestnet Asset Management Inc. now owns 33,916 shares of the basic materials company’s stock valued at $876,000 after acquiring an additional 1,054 shares during the period. Allianz Asset Management GmbH raised its stake in Pan American Silver by 96.2% in the 1st quarter. Allianz Asset Management GmbH now owns 71,638 shares of the basic materials company’s stock worth $1,850,000 after purchasing an additional 35,124 shares in the last quarter. Choreo LLC bought a new stake in Pan American Silver in the 1st quarter valued at about $284,000. Cetera Investment Advisers boosted its holdings in Pan American Silver by 11.3% in the 1st quarter. Cetera Investment Advisers now owns 229,680 shares of the basic materials company’s stock valued at $5,933,000 after purchasing an additional 23,303 shares during the period. Finally, TD Asset Management Inc grew its position in shares of Pan American Silver by 71.7% during the 1st quarter. TD Asset Management Inc now owns 1,971,544 shares of the basic materials company’s stock worth $50,917,000 after purchasing an additional 823,390 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. Scotiabank upped their target price on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.25.

Pan American Silver Price Performance

Pan American Silver stock opened at $39.48 on Wednesday. The stock has a fifty day moving average of $37.47 and a 200-day moving average of $32.22. The stock has a market capitalization of $16.66 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. Pan American Silver Corp. has a 52 week low of $19.80 and a 52 week high of $42.57.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The business’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. On average, sell-side analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 24th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, November 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s payout ratio is currently 32.37%.

Pan American Silver 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.