Stock Traders Purchase Large Volume of Call Options on Pan American Silver (NYSE:PAAS)

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) was the target of some unusual options trading activity on Monday. Stock investors purchased 20,388 call options on the stock. This represents an increase of approximately 10% compared to the average daily volume of 18,507 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PAAS. Parallel Advisors LLC lifted its position in Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Pan American Silver in the 3rd quarter valued at approximately $36,000. City State Bank boosted its stake in shares of Pan American Silver by 74.4% in the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after buying an additional 435 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Pan American Silver by 93.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 497 shares during the period. Finally, Assetmark Inc. grew its holdings in Pan American Silver by 3,111.4% during the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 1,089 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

PAAS stock traded down $3.23 during trading on Monday, hitting $52.16. The company had a trading volume of 9,183,099 shares, compared to its average volume of 5,249,574. The firm has a 50-day moving average price of $42.05 and a 200-day moving average price of $36.01. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12. The firm has a market cap of $22.01 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 0.52 and a beta of 0.71. Pan American Silver has a 1-year low of $19.80 and a 1-year high of $55.85.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The firm’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. On average, analysts expect that Pan American Silver will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 annualized dividend and a yield of 1.1%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio is presently 32.37%.

Wall Street Analysts Forecast Growth

PAAS has been the subject of a number of research reports. Zacks Research raised shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. CIBC lifted their target price on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $50.00 price objective on shares of Pan American Silver in a research note on Sunday, December 7th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Pan American Silver Company 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.