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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) was the recipient of some unusual options trading on Thursday. Traders bought 32,295 call options on the stock. This is an increase of 85% compared to the typical volume of 17,422 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Jefferies Financial Group reiterated a “hold” rating and issued a $50.00 price objective on shares of Pan American Silver in a report on Sunday. Zacks Research raised shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. 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, Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PAAS. Parallel Advisors LLC increased its position 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 valued at $25,000 after acquiring an additional 387 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Pan American Silver in the 3rd quarter valued at approximately $36,000. City State Bank raised its position in 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 purchasing an additional 435 shares during the period. EverSource Wealth Advisors LLC raised its position in Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 497 shares during the period. Finally, Assetmark Inc. lifted its stake 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 purchasing an additional 1,089 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Pan American Silver stock opened at $48.62 on Thursday. The firm has a 50 day simple moving average of $39.16 and a 200-day simple moving average of $33.82. The stock has a market cap of $20.52 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 0.47 and a beta of 0.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. Pan American Silver has a 1-year low of $19.80 and a 1-year high of $49.31.

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

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a $0.14 dividend. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, November 24th. This represents a $0.56 annualized dividend and a yield of 1.2%. Pan American Silver’s payout ratio is presently 32.37%.

About Pan American Silver

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.