Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 6.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 162,845 shares of the basic materials company’s stock after selling 10,624 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pan American Silver were worth $3,404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Janus Henderson Group PLC increased its position in Pan American Silver by 121.6% in the 1st quarter. Janus Henderson Group PLC now owns 45,279 shares of the basic materials company’s stock valued at $682,000 after acquiring an additional 24,847 shares during the period. Cetera Investment Advisers acquired a new stake in Pan American Silver during the 1st quarter worth approximately $1,565,000. CWM LLC grew its stake in shares of Pan American Silver by 31.6% in the 2nd 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 last quarter. Raymond James & Associates increased its holdings in shares of Pan American Silver by 2.2% in the second quarter. Raymond James & Associates now owns 225,757 shares of the basic materials company’s stock valued at $4,488,000 after purchasing an additional 4,811 shares during the period. Finally, Byrne Asset Management LLC purchased a new stake in shares of Pan American Silver during the second quarter worth approximately $445,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

Shares of PAAS opened at $21.33 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $26.05. The company has a 50-day simple moving average of $22.55 and a 200-day simple moving average of $21.50. The company has a market capitalization of $7.74 billion, a PE ratio of -127.46 and a beta of 1.33.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.88%. Pan American Silver’s dividend payout ratio is presently -235.28%.

Analyst Ratings Changes

PAAS has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group lifted their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.