Bank Julius Baer & Co. Ltd Zurich Purchases Shares of 1,566 Pan American Silver Corp. (NYSE:PAAS)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,566 shares of the basic materials company’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PAAS. Barclays PLC raised its stake in Pan American Silver by 156.4% during the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after purchasing an additional 37,480 shares during the period. Triasima Portfolio Management inc. purchased a new stake in Pan American Silver during the 4th quarter valued at approximately $2,911,000. Ingalls & Snyder LLC raised its position in shares of Pan American Silver by 5.4% during the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock valued at $34,920,000 after buying an additional 89,011 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Pan American Silver by 73.2% in the third quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company’s stock worth $1,869,000 after buying an additional 37,804 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of Pan American Silver by 383.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 58,274 shares of the basic materials company’s stock worth $1,216,000 after acquiring an additional 46,224 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Up 4.5 %

Shares of NYSE:PAAS opened at $24.45 on Wednesday. The company has a 50-day moving average price of $23.18 and a 200 day moving average price of $22.30. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 12 month low of $13.52 and a 12 month high of $26.05. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 76.39 and a beta of 1.25.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. As a group, equities research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, March 3rd. Pan American Silver’s dividend payout ratio is currently 125.00%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PAAS. TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $27.00 in a report on Tuesday. Royal Bank of Canada lifted their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Scotiabank increased their price target on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. Finally, StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Pan American Silver has an average rating of “Hold” and a consensus target price of $27.92.

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.