Lombard Odier Asset Management Europe Ltd Reduces Holdings in Pan American Silver Corp. $PAAS

Lombard Odier Asset Management Europe Ltd lowered its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 95.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,693 shares of the basic materials company’s stock after selling 4,643,768 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Pan American Silver were worth $12,315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board bought a new stake in Pan American Silver in the fourth quarter valued at about $8,814,000. Captrust Financial Advisors increased its holdings in shares of Pan American Silver by 304.6% in the 4th quarter. Captrust Financial Advisors now owns 51,347 shares of the basic materials company’s stock valued at $2,660,000 after acquiring an additional 38,657 shares during the last quarter. ExodusPoint Capital Management LP raised its position in shares of Pan American Silver by 25.5% during the 4th quarter. ExodusPoint Capital Management LP now owns 84,469 shares of the basic materials company’s stock valued at $4,376,000 after acquiring an additional 17,153 shares in the last quarter. Rothschild Wealth LLC bought a new position in Pan American Silver during the fourth quarter worth $250,000. Finally, Alberta Investment Management Corp acquired a new position in shares of Pan American Silver in the 4th quarter valued at about $14,938,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PAAS has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday, May 11th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Finally, Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and a consensus target price of $68.00.

Pan American Silver Stock Performance

PAAS opened at $52.02 on Wednesday. The business has a 50 day moving average price of $54.85 and a two-hundred day moving average price of $55.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The company has a market capitalization of $21.92 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 0.40 and a beta of 0.67. Pan American Silver Corp. has a 1-year low of $26.76 and a 1-year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company earned $0.42 earnings per share. Pan American Silver’s revenue was up 49.3% compared to the same quarter last year. Research analysts predict that Pan American Silver Corp. will post 4.65 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a $0.18 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

Pan American Silver 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.