Pan American Silver Corp. (NYSE:PAAS) Holdings Cut by Lbp Am Sa

LBP AM SA decreased its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 10.2% in the 1st quarter, according to the company in its most recent filing with the Securities and 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 SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAAS. Farther Finance Advisors LLC boosted its holdings in shares of Pan American Silver by 164.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after acquiring an additional 1,209 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after acquiring an additional 549 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Pan American Silver in the fourth quarter valued at approximately $118,000. US Bancorp DE boosted its holdings in shares of Pan American Silver by 9.6% in the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after acquiring an additional 539 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in shares of Pan American Silver in the first quarter valued at approximately $151,000. Institutional investors own 55.43% of the company's stock.

Pan American Silver Trading Down 1.9%

Shares of NYSE:PAAS traded down $0.57 during mid-day trading on Monday, hitting $29.76. The stock had a trading volume of 6,101,790 shares, compared to its average volume of 3,994,912. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93. The company has a market cap of $10.77 billion, a PE ratio of 34.21, a P/E/G ratio of 0.53 and a beta of 0.67. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $31.01. The company's 50 day moving average is $26.79 and its 200-day moving average is $25.01.

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

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.34%. Pan American Silver's payout ratio is 45.98%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. CIBC increased their target price on shares of 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 reissued a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. TD Securities cut their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Pan American Silver presently has an average rating of "Moderate Buy" and a consensus target price of $30.60.

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.