Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Pan American Silver Corp. $PAAS

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.7% in the 4th quarter, Holdings Channel reports. The firm owned 224,276 shares of the basic materials company’s stock after buying an additional 12,008 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pan American Silver were worth $11,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of Pan American Silver by 51.8% in the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after acquiring an additional 15,405,762 shares during the period. Vanguard Group Inc. grew its holdings in shares of Pan American Silver by 21.2% in the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after acquiring an additional 3,006,055 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Pan American Silver by 38.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after buying an additional 4,037,311 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Pan American Silver by 9.8% in the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock worth $383,365,000 after buying an additional 882,135 shares during the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in shares of Pan American Silver in the third quarter worth approximately $178,004,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Down 2.2%

Pan American Silver stock opened at $55.19 on Friday. The firm has a 50 day moving average of $57.56 and a 200 day moving average of $50.72. The firm has a market capitalization of $23.26 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 0.48 and a beta of 0.75. Pan American Silver Corp. has a 12-month low of $22.08 and a 12-month high of $69.99. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.21. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. Pan American Silver’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. As a group, research analysts predict that Pan American Silver Corp. will post 4.29 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.72 annualized dividend and a yield of 1.3%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s payout ratio is currently 28.80%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PAAS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Jefferies Financial Group decreased their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 21st. Finally, Scotiabank raised their target price on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.60.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.