Swiss National Bank Has $19.38 Million Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Swiss National Bank lowered its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 2.9% during the fourth quarter, Holdings Channel reports. The fund owned 1,184,919 shares of the basic materials company’s stock after selling 35,900 shares during the quarter. Swiss National Bank’s holdings in Pan American Silver were worth $19,378,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Raymond James & Associates lifted its stake in Pan American Silver by 4.3% in the 3rd quarter. Raymond James & Associates now owns 331,580 shares of the basic materials company’s stock worth $4,801,000 after acquiring an additional 13,763 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Pan American Silver by 1.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 116,315 shares of the basic materials company’s stock worth $1,684,000 after purchasing an additional 1,337 shares during the period. TD Asset Management Inc grew its position in Pan American Silver by 0.9% during the third quarter. TD Asset Management Inc now owns 1,814,663 shares of the basic materials company’s stock valued at $26,388,000 after purchasing an additional 15,803 shares in the last quarter. Dubuque Bank & Trust Co acquired a new position in Pan American Silver in the 3rd quarter valued at approximately $145,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Pan American Silver by 0.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 419,500 shares of the basic materials company’s stock worth $6,074,000 after buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. BMO Capital Markets lowered their price target on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. StockNews.com raised Pan American Silver from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. TD Securities lowered their price target on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research note on Friday, February 23rd. Scotiabank raised their price objective on shares of Pan American Silver from $19.50 to $20.00 and gave the company a “sector outperform” rating in a research report on Monday, April 8th. Finally, Jefferies Financial Group lifted their target price on shares of Pan American Silver from $14.00 to $17.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Pan American Silver Stock Performance

PAAS opened at $20.62 on Friday. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $20.90. The firm has a market capitalization of $7.49 billion, a P/E ratio of -68.73, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The stock’s 50 day moving average price is $16.60 and its two-hundred day moving average price is $15.24. The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The business had revenue of $601.40 million during the quarter, compared to analyst estimates of $592.58 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 54.1% on a year-over-year basis. On average, equities analysts forecast that Pan American Silver Corp. will post 0.38 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver’s payout ratio is -133.33%.

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.