Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in Pan American Silver Corp. (NYSE:PAAS)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 10.7% during the 4th quarter, HoldingsChannel reports. 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE grew its holdings in shares of Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock worth $117,000 after purchasing an additional 660 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Pan American Silver by 12.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 37,962 shares of the basic materials company’s stock worth $792,000 after acquiring an additional 4,258 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in Pan American Silver during the 3rd quarter worth about $212,000. CIBC Asset Management Inc grew its holdings in Pan American Silver by 0.3% during the 3rd quarter. CIBC Asset Management Inc now owns 598,855 shares of the basic materials company’s stock worth $12,510,000 after acquiring an additional 2,020 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Pan American Silver by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,097,619 shares of the basic materials company’s stock worth $22,955,000 after acquiring an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. TD Securities cut 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 report on Tuesday, March 11th. Scotiabank increased 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 report on Tuesday, February 25th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Finally, Royal Bank of Canada raised their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.92.

Pan American Silver Stock Up 0.7 %

NYSE:PAAS opened at $25.77 on Friday. Pan American Silver Corp. has a fifty-two week low of $13.52 and a fifty-two week high of $26.13. The stock has a market capitalization of $9.33 billion, a P/E ratio of 80.52 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The company’s 50-day simple moving average is $23.46 and its 200-day simple moving average is $22.38.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. On average, equities analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal 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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s payout ratio is currently 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.