Zurcher Kantonalbank Zurich Cantonalbank Buys 13,644 Shares of Pan American Silver Corp. (NYSE:PAAS)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 229,503 shares of the basic materials company’s stock after buying an additional 13,644 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Pan American Silver worth $3,765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Pan American Silver by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,888,593 shares of the basic materials company’s stock valued at $186,627,000 after buying an additional 183,681 shares during the last quarter. Ingalls & Snyder LLC increased its stake in Pan American Silver by 14.1% in the 4th quarter. Ingalls & Snyder LLC now owns 1,609,577 shares of the basic materials company’s stock valued at $26,284,000 after buying an additional 199,479 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Pan American Silver in the 4th quarter valued at $751,000. B. Riley Wealth Advisors Inc. increased its stake in Pan American Silver by 98.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 184,662 shares of the basic materials company’s stock valued at $2,674,000 after buying an additional 91,488 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Pan American Silver by 58.5% in the 3rd quarter. Deutsche Bank AG now owns 620,946 shares of the basic materials company’s stock valued at $8,991,000 after buying an additional 229,223 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAAS has been the topic of several recent research reports. BMO Capital Markets lowered their price target on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. StockNews.com lowered shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. Jefferies Financial Group boosted their price objective on shares of Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research note on Monday. CIBC lowered their price objective on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Finally, TD Securities lowered their price objective on shares of Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Pan American Silver Stock Down 4.4 %

Shares of PAAS opened at $18.23 on Tuesday. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $20.60. The firm has a market cap of $6.62 billion, a P/E ratio of -60.76, a price-to-earnings-growth ratio of 2.14 and a beta of 1.44. The firm’s 50-day simple moving average is $14.99 and its 200 day simple moving average is $14.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The company had revenue of $669.60 million during the quarter, compared to analyst estimates of $657.65 million. During the same quarter last year, the company posted ($0.02) EPS. On average, analysts forecast that Pan American Silver Corp. will post 0.47 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. Pan American Silver’s dividend payout ratio (DPR) is currently -133.33%.

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.