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

Swiss National Bank cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,053,919 shares of the basic materials company’s stock after selling 43,700 shares during the quarter. Swiss National Bank owned 0.29% of Pan American Silver worth $21,311,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Pan American Silver during the fourth quarter worth approximately $43,000. Barclays PLC grew its holdings in shares of Pan American Silver by 156.4% in the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock worth $1,282,000 after purchasing an additional 37,480 shares during the last quarter. Triasima Portfolio Management inc. bought a new position in shares of Pan American Silver in the fourth quarter worth approximately $2,911,000. Ingalls & Snyder LLC grew its holdings in shares of Pan American Silver by 5.4% in the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock worth $34,920,000 after purchasing an additional 89,011 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Pan American Silver by 73.2% in the third quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company’s stock worth $1,869,000 after purchasing an additional 37,804 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PAAS has been the topic of several recent analyst reports. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Royal Bank of Canada raised their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. TD Securities cut shares of Pan American Silver from a “buy” rating to a “hold” rating and cut their price target for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Scotiabank lifted their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.92.

Pan American Silver Stock Performance

NYSE:PAAS opened at $26.61 on Wednesday. The stock has a market cap of $9.64 billion, a P/E ratio of 83.15 and a beta of 1.25. The firm’s fifty day simple moving average is $23.69 and its 200 day simple moving average is $22.48. Pan American Silver Corp. has a twelve month low of $13.52 and a twelve month high of $27.47. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $805.20 million. As a group, research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

About Pan American Silver

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.