J. Safra Sarasin Holding AG Has $573,000 Stock Position in Pan American Silver Corp. $PAAS

J. Safra Sarasin Holding AG increased its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 15.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,166 shares of the basic materials company’s stock after buying an additional 2,699 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Pan American Silver were worth $573,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC acquired a new position in Pan American Silver during the 1st quarter worth approximately $222,000. D.A. Davidson & CO. acquired a new position in Pan American Silver during the 1st quarter worth approximately $358,000. Intech Investment Management LLC raised its stake in Pan American Silver by 189.0% during the 1st quarter. Intech Investment Management LLC now owns 107,952 shares of the basic materials company’s stock worth $2,788,000 after buying an additional 70,593 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in Pan American Silver during the 2nd quarter worth approximately $736,000. Finally, Southland Equity Partners LLC acquired a new position in Pan American Silver during the 1st quarter worth approximately $300,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

PAAS stock opened at $39.07 on Friday. The firm has a market cap of $16.49 billion, a PE ratio of 26.94, a P/E/G ratio of 0.63 and a beta of 0.63. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $33.69 and a 200-day moving average of $29.01. Pan American Silver Corp. has a 12-month low of $19.80 and a 12-month high of $40.34.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $811.90 million during the quarter, compared to analyst estimates of $782.12 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.Pan American Silver’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. As a group, sell-side analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a $0.12 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, August 18th. Pan American Silver’s dividend payout ratio is currently 33.10%.

Wall Street Analysts Forecast Growth

PAAS has been the topic of a number of research reports. CIBC reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 15th. National Bank Financial raised Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Pan American Silver in a report on Saturday, September 27th. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Finally, Scotiabank decreased their price objective on Pan American Silver from $36.50 to $36.00 and set an “outperform” rating for the company in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

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.