Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,197 shares of the basic materials company’s stock after purchasing an additional 17,352 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pan American Silver were worth $3,644,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Ingalls & Snyder LLC boosted its position 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 period. Amundi boosted its position in shares of Pan American Silver by 5.6% in the fourth quarter. Amundi now owns 1,547,331 shares of the basic materials company’s stock worth $33,175,000 after purchasing an additional 82,187 shares during the period. Geode Capital Management LLC boosted its position in shares of Pan American Silver by 7.6% in the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock worth $31,713,000 after purchasing an additional 108,039 shares during the period. FMR LLC boosted its position in shares of Pan American Silver by 1,834.8% in the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after purchasing an additional 1,275,475 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Pan American Silver by 30.1% in the third quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock worth $23,857,000 after purchasing an additional 264,772 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Pan American Silver Price Performance

Pan American Silver stock opened at $25.77 on Friday. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 80.52 and a beta of 1.25. The firm’s fifty day moving average is $23.46 and its 200 day moving average is $22.38. 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 Corp. has a 52-week low of $13.52 and a 52-week high of $26.13.

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

Pan American Silver Announces Dividend

The firm also recently declared 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. This represents a $0.40 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s payout ratio is 125.00%.

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.