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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) saw unusually large options trading activity on Wednesday. Investors acquired 17,908 call options on the stock. This is an increase of approximately 213% compared to the average daily volume of 5,714 call options.

Analysts Set New Price Targets

PAAS has been the subject of several research reports. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Scotiabank lifted their target price on Pan American Silver from $28.50 to $32.00 and gave the company a “sector outperform” rating in a research report on Monday. BMO Capital Markets began coverage on shares of Pan American Silver in a research report on Wednesday. They set a “market perform” rating on the stock. TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and cut their target price for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada boosted their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $28.50.

Institutional Investors Weigh In On Pan American Silver

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Pan American Silver during the 4th quarter worth $27,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver in the 4th quarter valued at about $30,000. Decker Retirement Planning Inc. acquired a new stake in Pan American Silver during the fourth quarter worth approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Pan American Silver during the third quarter worth $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Pan American Silver in the fourth quarter worth approximately $32,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

NYSE:PAAS traded up $0.47 during trading hours on Wednesday, reaching $27.93. 3,079,076 shares of the company’s stock were exchanged, compared to its average volume of 3,711,994. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of 87.28 and a beta of 1.06. Pan American Silver has a 1-year low of $17.86 and a 1-year high of $28.57. The company has a 50-day moving average of $24.88 and a 200 day moving average of $23.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Research analysts anticipate that Pan American Silver will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

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.