Swiss National Bank Has $77.61 Million Stock Holdings in Pan American Silver Corp. $PAAS

Swiss National Bank increased its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 27.0% in the first quarter, Holdings Channel.com reports. The firm owned 1,420,702 shares of the basic materials company’s stock after purchasing an additional 302,100 shares during the quarter. Swiss National Bank’s holdings in Pan American Silver were worth $77,605,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PAAS. Vanguard Group Inc. lifted its stake in Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after buying an additional 274,168 shares in the last quarter. Invesco Ltd. increased its position in shares of Pan American Silver by 9.8% during the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock worth $383,365,000 after acquiring an additional 882,135 shares in the last quarter. FIL Ltd raised its holdings in shares of Pan American Silver by 154.7% during the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after acquiring an additional 4,438,478 shares during the period. Norges Bank acquired a new stake in shares of Pan American Silver during the fourth quarter worth $303,611,000. Finally, Capital International Investors bought a new stake in Pan American Silver in the 4th quarter valued at $215,484,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Up 5.4%

Shares of PAAS stock opened at $44.46 on Wednesday. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 1 year low of $26.76 and a 1 year high of $69.99. The firm’s fifty day moving average price is $49.03 and its two-hundred day moving average price is $54.33. The firm has a market capitalization of $18.54 billion, a P/E ratio of 14.29, a PEG ratio of 3.73 and a beta of 0.72.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 49.3% on a year-over-year basis. On average, equities analysts predict that Pan American Silver Corp. will post 4.02 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is presently 23.15%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PAAS shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. Jefferies Financial Group dropped their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, July 6th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and boosted their price target for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday, May 11th. Finally, Weiss Ratings downgraded Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Pan American Silver 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.