Swiss National Bank Raises Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Swiss National Bank boosted its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,097,619 shares of the basic materials company’s stock after buying an additional 3,400 shares during the quarter. Swiss National Bank’s holdings in Pan American Silver were worth $22,955,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PAAS. Eastern Bank purchased a new stake in shares of Pan American Silver in the 3rd quarter valued at $28,000. Mark Sheptoff Financial Planning LLC increased its stake in Pan American Silver by 943.4% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 1,500 shares during the period. Perritt Capital Management Inc. lifted its position in shares of Pan American Silver by 76.9% during the first quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. CWM LLC boosted its stake in shares of Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 510 shares during the period. Finally, UniSuper Management Pty Ltd grew its holdings in shares of Pan American Silver by 73.3% in the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 2,200 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

NYSE:PAAS opened at $22.82 on Friday. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $26.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The firm has a market capitalization of $8.28 billion, a PE ratio of -134.21 and a beta of 1.33. The business’s fifty day moving average price is $22.45 and its 200 day moving average price is $21.39.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is -235.29%.

Analysts Set New Price Targets

Several equities analysts have commented on PAAS shares. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Tuesday. Jefferies Financial Group lifted their target price on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada upped their price target on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.42.

Pan American Silver Profile

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.