Pan American Silver Sees Unusually Large Options Volume (NYSE:PAAS)

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) was the target of unusually large options trading on Thursday. Stock investors purchased 15,351 call options on the company. This represents an increase of approximately 86% compared to the average daily volume of 8,269 call options.

Hedge Funds Weigh In On Pan American Silver

A number of large investors have recently bought and sold shares of PAAS. Raymond James & Associates raised its stake in Pan American Silver by 4.3% in the third quarter. Raymond James & Associates now owns 331,580 shares of the basic materials company’s stock worth $4,801,000 after buying an additional 13,763 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Pan American Silver by 1.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 116,315 shares of the basic materials company’s stock worth $1,684,000 after purchasing an additional 1,337 shares in the last quarter. TD Asset Management Inc increased its position in shares of Pan American Silver by 0.9% during the third quarter. TD Asset Management Inc now owns 1,814,663 shares of the basic materials company’s stock worth $26,388,000 after purchasing an additional 15,803 shares in the last quarter. Dubuque Bank & Trust Co acquired a new position in shares of Pan American Silver during the third quarter worth $145,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Pan American Silver by 0.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 419,500 shares of the basic materials company’s stock worth $6,074,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 9.1 %

Shares of NYSE PAAS traded up $1.70 during trading hours on Thursday, reaching $20.33. The stock had a trading volume of 5,515,192 shares, compared to its average volume of 4,321,765. The company has a current ratio of 2.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of -67.13, a P/E/G ratio of 2.49 and a beta of 1.36. The business’s fifty day moving average price is $16.43 and its two-hundred day moving average price is $15.20. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $20.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The firm had revenue of $601.40 million during the quarter, compared to analyst estimates of $592.58 million. Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. Pan American Silver’s quarterly revenue was up 54.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. Analysts expect that Pan American Silver will post 0.38 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, March 1st. Pan American Silver’s dividend payout ratio (DPR) is -133.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PAAS shares. Jefferies Financial Group increased their price target on Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. TD Securities cut their price objective on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. BMO Capital Markets cut their price objective on Pan American Silver from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. StockNews.com upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, CIBC cut their price objective on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

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.