Pan American Silver Corp. (NYSE:PAAS) Stock Position Decreased by Swiss National Bank

Swiss National Bank trimmed its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,033,119 shares of the basic materials company's stock after selling 20,800 shares during the quarter. Swiss National Bank owned 0.29% of Pan American Silver worth $26,704,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Graybill Wealth Management LTD. acquired a new position in Pan American Silver during the first quarter worth approximately $33,000. Farther Finance Advisors LLC increased its holdings in shares of Pan American Silver by 39.8% in the first quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock valued at $70,000 after purchasing an additional 775 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Pan American Silver by 507.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock worth $116,000 after acquiring an additional 3,759 shares during the period. Rossby Financial LCC acquired a new position in Pan American Silver during the first quarter worth $151,000. Finally, US Bancorp DE grew its holdings in Pan American Silver by 13.4% during the first quarter. US Bancorp DE now owns 6,959 shares of the basic materials company's stock worth $180,000 after acquiring an additional 820 shares during the period. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Stock Up 1.1%

PAAS traded up $0.33 on Friday, reaching $31.74. The company's stock had a trading volume of 3,427,624 shares, compared to its average volume of 5,005,328. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 0.43 and a beta of 0.60. Pan American Silver Corp. has a 1 year low of $18.50 and a 1 year high of $32.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. The business's 50 day moving average is $29.23 and its 200 day moving average is $26.42.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%. The company had revenue of $811.90 million for the quarter, compared to the consensus estimate of $782.12 million. During the same quarter last year, the business posted $0.11 EPS. Pan American Silver's quarterly revenue was up 18.3% compared to the same quarter last year. As a group, research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a $0.12 dividend. This is a positive change from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. Pan American Silver's dividend payout ratio (DPR) is 27.59%.

Analysts Set New Price Targets

PAAS has been the topic of a number of research analyst reports. Wall Street Zen downgraded Pan American Silver from a "strong-buy" rating to a "buy" rating in a research report on Saturday. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Finally, TD Securities decreased their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $31.40.

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.