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

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

Pan American Silver Price Performance

Pan American Silver stock opened at $16.89 on Thursday. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $19.84. The stock’s 50 day moving average price is $13.65 and its two-hundred day moving average price is $14.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of -56.30, a PEG ratio of 1.26 and a beta of 1.44.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last issued its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (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 firm had revenue of $669.60 million during the quarter, compared to the consensus estimate of $657.65 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share. On average, equities analysts predict that Pan American Silver will post 0.32 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Friday, March 1st. Pan American Silver’s dividend payout ratio is currently -133.33%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. CIBC reduced their target price on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. BMO Capital Markets reduced their target price on Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Jefferies Financial Group assumed coverage on Pan American Silver in a report on Thursday, February 29th. They issued a “hold” rating and a $14.00 target price on the stock. StockNews.com cut Pan American Silver from a “hold” rating to a “sell” rating in a report on Monday, January 15th. Finally, Scotiabank reduced their target price on Pan American Silver from $20.00 to $19.50 and set a “sector outperform” rating on the stock in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.42.

Check Out Our Latest Report on PAAS

Hedge Funds Weigh In On Pan American Silver

Several large investors have recently bought and sold shares of the stock. Prelude Capital Management LLC lifted its stake in Pan American Silver by 1.6% during the 1st quarter. Prelude Capital Management LLC now owns 32,602 shares of the basic materials company’s stock valued at $890,000 after acquiring an additional 524 shares in the last quarter. Northern Trust Corp lifted its stake in Pan American Silver by 5.5% during the 1st quarter. Northern Trust Corp now owns 11,998 shares of the basic materials company’s stock valued at $328,000 after acquiring an additional 623 shares in the last quarter. PYA Waltman Capital LLC lifted its stake in Pan American Silver by 4.9% during the 2nd quarter. PYA Waltman Capital LLC now owns 15,249 shares of the basic materials company’s stock valued at $241,000 after acquiring an additional 716 shares in the last quarter. Optiver Holding B.V. lifted its stake in Pan American Silver by 90.8% during the 3rd quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 812 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Pan American Silver by 4.3% during the 2nd quarter. Sei Investments Co. now owns 19,916 shares of the basic materials company’s stock valued at $290,000 after acquiring an additional 815 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

About Pan American Silver

(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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