Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,053,919 shares of the basic materials company's stock after selling 43,700 shares during the quarter. Swiss National Bank owned about 0.29% of Pan American Silver worth $21,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PAAS. Connor Clark & Lunn Investment Management Ltd. raised its position in Pan American Silver by 135.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company's stock worth $21,463,000 after buying an additional 611,545 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in Pan American Silver during the 4th quarter worth approximately $24,083,000. Farther Finance Advisors LLC raised its position in Pan American Silver by 164.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock worth $39,000 after buying an additional 1,209 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Pan American Silver by 10.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 180,197 shares of the basic materials company's stock worth $3,644,000 after buying an additional 17,352 shares during the last quarter. Finally, CM Management LLC raised its position in Pan American Silver by 60.0% during the 4th quarter. CM Management LLC now owns 80,000 shares of the basic materials company's stock worth $1,618,000 after buying an additional 30,000 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

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Pan American Silver Price Performance

Pan American Silver stock traded down $0.67 during trading on Friday, reaching $25.73. The company had a trading volume of 4,101,366 shares, compared to its average volume of 3,811,929. The firm's 50-day simple moving average is $23.97 and its 200 day simple moving average is $22.57. Pan American Silver Corp. has a 1-year low of $13.79 and a 1-year high of $27.47. The firm has a market capitalization of $9.32 billion, a PE ratio of 80.42 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.

Pan American Silver (NYSE:PAAS - Get Free Report) 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. 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, equities research 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.55%. Pan American Silver's dividend payout ratio (DPR) is presently 125.00%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PAAS. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and reduced their price target for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Scotiabank lifted their target price 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. Finally, Royal Bank of Canada lifted their target price 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 given a buy rating to the company. According to data from MarketBeat, Pan American Silver has a consensus rating of "Hold" and a consensus target price of $27.92.

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.