Lombard Odier Asset Management Europe Ltd Sells 51,700 Shares of Pan American Silver Corp. $PAAS

Lombard Odier Asset Management Europe Ltd trimmed its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 21.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 185,993 shares of the basic materials company’s stock after selling 51,700 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Pan American Silver were worth $10,161,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock worth $905,513,000 after buying an additional 274,168 shares during the last quarter. Ninety One UK Ltd grew its holdings in shares of Pan American Silver by 3.2% during the fourth quarter. Ninety One UK Ltd now owns 2,225,237 shares of the basic materials company’s stock valued at $115,290,000 after buying an additional 69,985 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in shares of Pan American Silver by 46.9% during the fourth quarter. Swiss Life Asset Management Ltd now owns 58,827 shares of the basic materials company’s stock valued at $3,051,000 after acquiring an additional 18,791 shares in the last quarter. MH & Associates Securities Management Corp ADV bought a new stake in shares of Pan American Silver during the fourth quarter valued at approximately $4,820,000. Finally, Royal Palms Capital LLC purchased a new position in Pan American Silver in the 4th quarter worth approximately $2,170,000. 55.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PAAS has been the topic of several analyst reports. Jefferies Financial Group lowered their price objective on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Zacks Research lowered Pan American Silver from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Pan American Silver Stock Down 0.1%

PAAS opened at $43.08 on Monday. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $46.98 and a 200-day moving average price of $53.79. Pan American Silver Corp. has a twelve month low of $26.76 and a twelve month high of $69.99. The stock has a market capitalization of $17.97 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 3.70 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’s revenue was up 49.3% on a year-over-year basis. Equities research analysts forecast that Pan American Silver Corp. will post 4.15 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

Pan American Silver Company Profile

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.