J. Safra Sarasin Holding AG Purchases Shares of 14,254 Pan American Silver Corp. (NYSE:PAAS)

J. Safra Sarasin Holding AG bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,254 shares of the basic materials company's stock, valued at approximately $288,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver in the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver during the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Pan American Silver in the third quarter valued at $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Pan American Silver during the 4th quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Pan American Silver in the 4th quarter valued at about $32,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PAAS has been the subject of several recent research reports. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and dropped their price target for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. BMO Capital Markets started coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating for the company. Finally, Royal Bank of Canada raised their target price on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $28.50.

Pan American Silver Price Performance

NYSE:PAAS traded up $0.21 during trading hours on Monday, hitting $25.68. 3,496,188 shares of the stock were exchanged, compared to its average volume of 3,617,155. The company has a market cap of $9.30 billion, a P/E ratio of 80.25 and a beta of 1.06. The firm's fifty day moving average price is $25.18 and its 200 day moving average price is $23.46. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $28.60. 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 (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 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 firm had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. As a group, equities research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.56%. Pan American Silver's dividend payout ratio is presently 125.00%.

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.