Lombard Odier Asset Management Switzerland SA Has $2.70 Million Stock Position in Pan American Silver Corp. $PAAS

Lombard Odier Asset Management Switzerland SA decreased its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 31.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,342 shares of the basic materials company’s stock after selling 22,183 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Pan American Silver were worth $2,698,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PAAS. Fifth Third Bancorp lifted its holdings in Pan American Silver by 1,336.1% during the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 481 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 387 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pan American Silver in the fourth quarter worth about $34,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver during the fourth quarter worth about $41,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Pan American Silver during the first quarter worth about $44,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

PAAS opened at $44.03 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. Pan American Silver Corp. has a 12-month low of $26.76 and a 12-month high of $69.99. The business has a 50 day moving average of $48.07 and a 200-day moving average of $54.18. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 3.90 and a beta of 0.72.

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, beating the consensus estimate 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 company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 49.3% on a year-over-year basis. On average, equities research analysts expect that Pan American Silver Corp. will post 4.02 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s payout ratio is currently 23.15%.

Analyst Ratings Changes

Several analysts have commented on the stock. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and raised their target price for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Scotiabank reissued an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Monday, May 11th. Finally, Weiss Ratings cut shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Eight 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.43.

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.