Swiss National Bank lowered its stake in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 882,400 shares of the basic materials company’s stock after selling 23,500 shares during the period. Swiss National Bank owned 0.42% of Pan American Silver worth $28,239,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Sloane Robinson LLP lifted its position in shares of Pan American Silver by 27.2% during the third quarter. Sloane Robinson LLP now owns 1,008,300 shares of the basic materials company’s stock worth $32,345,000 after acquiring an additional 215,562 shares in the last quarter. FMR LLC lifted its position in shares of Pan American Silver by 5.3% during the second quarter. FMR LLC now owns 1,000,001 shares of the basic materials company’s stock worth $30,390,000 after acquiring an additional 49,997 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of Pan American Silver by 105.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 765,988 shares of the basic materials company’s stock worth $10,150,000 after acquiring an additional 393,988 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Pan American Silver during the second quarter worth $22,308,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Pan American Silver by 7.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 371,199 shares of the basic materials company’s stock worth $11,274,000 after purchasing an additional 26,486 shares during the period. Hedge funds and other institutional investors own 50.35% of the company’s stock.
PAAS opened at $30.80 on Friday. The stock has a market cap of $6.47 billion, a PE ratio of 192.51, a P/E/G ratio of 2.97 and a beta of 1.48. The company has a quick ratio of 1.83, a current ratio of 3.04 and a debt-to-equity ratio of 0.09. Pan American Silver Corp. has a 52 week low of $10.61 and a 52 week high of $40.11. The business’s fifty day simple moving average is $33.13 and its 200 day simple moving average is $31.64.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Monday, November 9th. The basic materials company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). The firm had revenue of $300.41 million during the quarter, compared to the consensus estimate of $399.39 million. Pan American Silver had a net margin of 2.31% and a return on equity of 8.00%. The firm’s revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. As a group, equities analysts anticipate that Pan American Silver Corp. will post 0.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.91%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, November 13th. Pan American Silver’s dividend payout ratio is presently 35.90%.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Tuesday, October 6th. Canaccord Genuity raised shares of Pan American Silver to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, July 29th. BidaskClub cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. Pi Financial raised shares of Pan American Silver from a “neutral” rating to a “buy” rating in a report on Friday, August 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their price target for the stock from $34.00 to $38.00 in a report on Thursday, October 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $33.39.
Pan American Silver Profile
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines in Canada, Mexico, Peru, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Huaron, Morococha, San Vicente, Manantial Espejo, Escobal, Shahuindo, La Arena, and Timmins mines.
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