Pan American Silver Corp. $PAAS Shares Sold by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA trimmed its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 31.0% during the first 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 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in shares of Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Pan American Silver by 1,336.1% in the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after buying an additional 481 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Pan American Silver in the 4th quarter valued at about $34,000. Laurel Wealth Advisors LLC bought a new stake in shares of Pan American Silver during the 4th quarter valued at about $41,000. Finally, Golden State Wealth Management LLC grew its position in shares of Pan American Silver by 173.3% during the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock valued at $42,000 after buying an additional 520 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of PAAS opened at $44.03 on Monday. The business’s 50-day moving average is $48.07 and its 200-day moving average is $54.18. 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 $18.36 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 3.90 and a beta of 0.72. Pan American Silver Corp. has a fifty-two week low of $26.76 and a fifty-two week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s revenue was up 49.3% compared to the same quarter last year. Equities research analysts expect that Pan American Silver Corp. will post 4.02 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is currently 23.15%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PAAS. Jefferies Financial Group cut their price objective on shares of 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. Scotiabank reiterated an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 14th. Zacks Research cut Pan American Silver from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and increased their price target for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Finally, TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Monday, May 11th. Eight investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

About Pan American Silver

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.