Pan American Silver Target of Unusually Large Options Trading (NYSE:PAAS)

Pan American Silver Corp. (NYSE:PAASGet Free Report) (TSE:PAAS) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 13,452 call options on the stock. This is an increase of approximately 160% compared to the average volume of 5,175 call options.

Institutional Investors Weigh In On Pan American Silver

A number of large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its stake in Pan American Silver by 10.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 203,641 shares of the basic materials company’s stock valued at $3,325,000 after buying an additional 18,979 shares during the period. Vanguard Group Inc. increased its stake in Pan American Silver by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 13,065,572 shares of the basic materials company’s stock valued at $213,361,000 after buying an additional 176,979 shares during the period. V Square Quantitative Management LLC acquired a new position in Pan American Silver in the 4th quarter valued at approximately $295,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Pan American Silver by 6.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 869,666 shares of the basic materials company’s stock valued at $14,202,000 after buying an additional 52,277 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Pan American Silver in the 4th quarter valued at approximately $647,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE PAAS traded up $0.91 during midday trading on Wednesday, reaching $16.70. The company’s stock had a trading volume of 4,604,624 shares, compared to its average volume of 3,613,506. 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 company has a 50 day moving average price of $13.59 and a 200 day moving average price of $14.50. Pan American Silver has a one year low of $12.16 and a one year high of $19.84. The company has a market cap of $6.09 billion, a price-to-earnings ratio of -55.40, a price-to-earnings-growth ratio of 1.26 and a beta of 1.44.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last released its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The business had revenue of $669.60 million during the quarter, compared to the consensus estimate of $657.65 million. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. On average, equities research analysts expect that Pan American Silver will post 0.32 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, March 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.40%. Pan American Silver’s dividend payout ratio is currently -133.33%.

Wall Street Analyst Weigh In

PAAS has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Pan American Silver in a research report on Thursday, February 29th. They issued a “hold” rating and a $14.00 target price for the company. StockNews.com downgraded shares of Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. BMO Capital Markets dropped their target price on shares of 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. CIBC dropped their target price on shares of 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. Finally, TD Securities decreased their price target on shares of Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and an average target price of $20.42.

Read Our Latest Research Report on PAAS

Pan American Silver Company Profile

(Get Free Report)

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.

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