J. Safra Sarasin Holding AG Buys 23,780 Shares of Pan American Silver Corp. $PAAS

J. Safra Sarasin Holding AG lifted its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 117.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,946 shares of the basic materials company’s stock after buying an additional 23,780 shares during the period. J. Safra Sarasin Holding AG’s holdings in Pan American Silver were worth $1,702,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. City State Bank increased its holdings in Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 435 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 594 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Pan American Silver in the second quarter valued at approximately $51,000. Kiker Wealth Management LLC raised its holdings in Pan American Silver by 42.4% in the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after buying an additional 600 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in Pan American Silver during the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $64.36 on Wednesday. The business has a 50-day moving average price of $50.81 and a two-hundred day moving average price of $40.22. Pan American Silver Corp. has a 1-year low of $20.55 and a 1-year high of $69.99. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12. The company has a market cap of $27.15 billion, a P/E ratio of 37.20, a PEG ratio of 0.71 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $854.60 million for the quarter, compared to the consensus estimate of $867.76 million. Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 EPS. As a group, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were paid a $0.14 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio (DPR) is presently 32.37%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Jefferies Financial Group decreased their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. CIBC raised their target price on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Finally, Scotiabank raised their price objective on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and an average price target of $47.83.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.