Swiss National Bank Has $47.06 Million Stake in Pan American Silver Corp. $PAAS

Key Points

• The Swiss National Bank increased its position in Pan American Silver by 10.3% in Q3 to 1,213,902 shares — worth about $47.06 million (≈0.29% of the company).
• Pan American Silver beat quarterly estimates with EPS of $1.11 vs. $0.90 and revenue of $1.18 billion vs. $1.11 billion, a 44.7% year‑over‑year revenue increase and a 27.07% net margin.
• The company raised its quarterly dividend to $0.18 (from $0.14), annualized $0.72 (yield ~1.2%), and institutional investors now own 55.43% of the stock, led by large stakes from Vanguard, MIRAE and Invesco.

Swiss National Bank increased its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 10.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,213,902 shares of the basic materials company's stock after acquiring an additional 113,483 shares during the period. Swiss National Bank owned about 0.29% of Pan American Silver worth $47,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Pan American Silver by 21.2% during the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company's stock valued at $666,192,000 after purchasing an additional 3,006,055 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Pan American Silver by 15.5% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,425,601 shares of the basic materials company's stock valued at $296,087,000 after buying an additional 1,396,360 shares during the period. Invesco Ltd. raised its holdings in Pan American Silver by 49.5% in the 2nd quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company's stock valued at $256,062,000 after buying an additional 2,986,434 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Pan American Silver by 5,674.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company's stock valued at $174,406,000 after buying an additional 6,034,755 shares during the last quarter. Finally, Norges Bank acquired a new stake in Pan American Silver during the 2nd quarter worth approximately $155,281,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Stock Performance

NYSE:PAAS opened at $60.13 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69. Pan American Silver Corp. has a fifty-two week low of $20.55 and a fifty-two week high of $69.99. The company has a 50 day simple moving average of $59.14 and a two-hundred day simple moving average of $46.84. The company has a market capitalization of $25.36 billion, a PE ratio of 24.05, a P/E/G ratio of 0.56 and a beta of 0.62.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company earned $0.35 EPS. The company's revenue for the quarter was up 44.7% on a year-over-year basis. Research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a $0.18 dividend. The ex-dividend date is Monday, March 2nd. This is a positive change from Pan American Silver's previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 1.2%. Pan American Silver's dividend payout ratio (DPR) is presently 28.80%.

Analysts Set New Price Targets

PAAS has been the topic of a number of research reports. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Sunday, February 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Pan American Silver in a report on Monday, December 29th. Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 31st. Jefferies Financial Group decreased their price objective on Pan American Silver from $58.00 to $54.00 and set a "hold" rating for the company in a report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.60.

About Pan American Silver

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.

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