Zurcher Kantonalbank Zurich Cantonalbank Has $3.64 Million Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 10.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 180,197 shares of the basic materials company's stock after purchasing an additional 17,352 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Pan American Silver were worth $3,644,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. US Bancorp DE boosted its holdings in shares of Pan American Silver by 9.6% in the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after buying an additional 539 shares during the period. Jones Financial Companies Lllp increased its position in shares of Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after acquiring an additional 549 shares during the last quarter. Principal Securities Inc. raised its stake in shares of Pan American Silver by 12.5% during the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock worth $121,000 after purchasing an additional 664 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Pan American Silver by 3.7% in the third quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company's stock valued at $558,000 after acquiring an additional 951 shares during the last quarter. Finally, Comprehensive Financial Planning Inc. PA bought a new position in Pan American Silver during the fourth quarter worth about $27,000. 55.43% of the stock is owned by institutional investors.

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Pan American Silver Price Performance

Shares of PAAS stock traded down $0.08 on Wednesday, hitting $26.52. 2,189,747 shares of the company's stock were exchanged, compared to its average volume of 3,170,706. Pan American Silver Corp. has a 12 month low of $13.52 and a 12 month high of $27.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company has a 50 day moving average of $23.69 and a 200 day moving average of $22.48. The stock has a market cap of $9.61 billion, a P/E ratio of 82.89 and a beta of 1.25.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share 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%. On average, equities research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Monday, March 3rd. Pan American Silver's payout ratio is 125.00%.

Analyst Upgrades and Downgrades

PAAS has been the topic of a number of research reports. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Scotiabank lifted their price target on Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Tuesday, February 25th. TD Securities lowered Pan American Silver from a "buy" rating to a "hold" rating and decreased their price objective for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Royal Bank of Canada boosted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $27.92.

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.