Zurcher Kantonalbank Zurich Cantonalbank Acquires 12,008 Shares of Pan American Silver Corp. $PAAS

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 224,276 shares of the basic materials company’s stock after acquiring an additional 12,008 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Pan American Silver worth $11,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC raised its holdings in Pan American Silver by 48.6% in the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after purchasing an additional 6,391 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Pan American Silver by 574.9% during the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 16,626 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Pan American Silver by 31.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock worth $38,728,000 after acquiring an additional 360,283 shares during the period. Empowered Funds LLC purchased a new position in shares of Pan American Silver during the 1st quarter worth approximately $1,272,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 594 shares during the period. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Down 2.2%

NYSE:PAAS opened at $55.19 on Friday. The stock has a market cap of $23.26 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 0.48 and a beta of 0.75. 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 $22.08 and a 52 week high of $69.99. The company’s 50 day moving average price is $57.56 and its 200-day moving average price is $50.72.

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

Pan American Silver Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Scotiabank upped 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. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Wall Street Zen cut shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Finally, Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the company an “outperform” rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company 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.