Swiss National Bank Has $47.06 Million Stock Holdings in Pan American Silver Corp. $PAAS

Swiss National Bank lifted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 10.3% during the 3rd quarter, Holdings Channel reports. The firm owned 1,213,902 shares of the basic materials company’s stock after purchasing an additional 113,483 shares during the quarter. Swiss National Bank’s holdings in Pan American Silver were worth $47,060,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Harvest Portfolios Group Inc. increased its holdings in Pan American Silver by 0.9% in the third quarter. Harvest Portfolios Group Inc. now owns 36,240 shares of the basic materials company’s stock worth $1,404,000 after purchasing an additional 318 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Pan American Silver by 18.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,373 shares of the basic materials company’s stock valued at $92,000 after buying an additional 364 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after buying an additional 387 shares in the last quarter. City State Bank grew its position in shares of Pan American Silver by 74.4% during the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after buying an additional 435 shares during the period. Finally, Truist Financial Corp grew its position in shares of Pan American Silver by 0.9% during the 3rd quarter. Truist Financial Corp now owns 50,796 shares of the basic materials company’s stock worth $1,967,000 after buying an additional 436 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Down 1.2%

NYSE PAAS opened at $60.13 on Friday. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99. The business has a 50 day moving average price of $59.14 and a 200-day moving average price of $46.84. The company has a market cap of $25.36 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 0.56 and a beta of 0.62.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $0.35 EPS. Pan American Silver’s quarterly revenue was up 44.7% compared to the same quarter last year. As a group, equities analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 2nd. Pan American Silver’s payout ratio is 28.80%.

Analysts Set New Price Targets

Several analysts have recently weighed in on PAAS shares. Jefferies Financial Group lowered their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Bank of America upped their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, December 1st. Finally, Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pan American Silver currently 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.