14,254 Shares in Pan American Silver Corp. (NYSE:PAAS) Acquired by J. Safra Sarasin Holding AG

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

A number of other hedge funds also recently added to or reduced their stakes in PAAS. Comprehensive Financial Planning Inc. PA purchased a new stake in Pan American Silver during the 4th quarter valued at $27,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver in the fourth quarter valued at about $30,000. Decker Retirement Planning Inc. purchased a new position in Pan American Silver in the fourth quarter worth about $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver during the 3rd quarter valued at about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Pan American Silver during the 4th quarter valued at about $32,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. TD Securities downgraded Pan American Silver from a "buy" rating to a "hold" rating and lowered their target price for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. BMO Capital Markets initiated coverage on Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating for the company. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. 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 MarketBeat, Pan American Silver has an average rating of "Hold" and a consensus price target of $28.50.

Pan American Silver Trading Down 1.9 %

Shares of NYSE:PAAS traded down $0.49 during trading on Tuesday, hitting $25.20. The company had a trading volume of 1,700,132 shares, compared to its average volume of 3,707,785. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company has a fifty day simple moving average of $25.21 and a two-hundred day simple moving average of $23.48. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 78.74 and a beta of 1.06. Pan American Silver Corp. has a one year low of $17.86 and a one year high of $28.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $805.20 million. As a group, equities analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio (DPR) is 125.00%.

Pan American Silver Company 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.