Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Lbp Am Sa

LBP AM SA lowered its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 10.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 81,935 shares of the basic materials company's stock after selling 9,283 shares during the period. LBP AM SA's holdings in Pan American Silver were worth $2,116,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE lifted its stake in shares of Pan American Silver by 9.6% in the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after purchasing an additional 539 shares during the period. Jones Financial Companies Lllp raised its position in shares of Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after buying an additional 549 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Pan American Silver by 18.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 18,504 shares of the basic materials company's stock valued at $374,000 after acquiring an additional 2,902 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Pan American Silver in the fourth quarter worth about $6,834,000. Finally, Amundi increased its position in Pan American Silver by 5.6% in the fourth quarter. Amundi now owns 1,547,331 shares of the basic materials company's stock worth $33,175,000 after purchasing an additional 82,187 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

PAAS has been the topic of a number of analyst reports. CIBC upped their target price on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research note on Thursday, May 8th. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. BMO Capital Markets initiated coverage on Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. Finally, TD Securities cut their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.60.

Pan American Silver Stock Performance

PAAS traded up $0.99 during trading on Friday, hitting $30.33. 7,831,073 shares of the stock were exchanged, compared to its average volume of 3,983,412. The company has a quick ratio of 1.94, a current ratio of 2.93 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $10.98 billion, a P/E ratio of 34.86, a PEG ratio of 0.51 and a beta of 0.67. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $30.48. The stock has a fifty day moving average price of $26.65 and a two-hundred day moving average price of $24.89.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.23. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The firm had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. Pan American Silver's revenue was up 28.6% compared to the same quarter last year. As a group, sell-side analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.32%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's payout ratio is 45.98%.

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.