Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS saw some unusual options trading activity on Monday. Traders acquired 10,358 call options on the company. This is an increase of 69% compared to the typical volume of 6,125 call options.
Pan American Silver Stock Performance
NYSE:PAAS traded down $0.42 during midday trading on Wednesday, reaching $22.61. 8,157,523 shares of the company traded hands, compared to its average volume of 3,826,090. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 70.66 and a beta of 0.75. The company has a fifty day moving average price of $25.20 and a 200 day moving average price of $23.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. Pan American Silver has a twelve month low of $17.86 and a twelve month high of $28.60.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The company had revenue of $773.20 million for the quarter, compared to analysts' expectations of $696.62 million. During the same period last year, the business posted $0.01 earnings per share. The firm's quarterly revenue was up 28.6% compared to the same quarter last year. On average, analysts expect that Pan American Silver will post 1.26 EPS for the current fiscal year.
Pan American Silver Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.
Institutional Investors Weigh In On Pan American Silver
A number of institutional investors and hedge funds have recently bought and sold shares of PAAS. Signaturefd LLC boosted its stake in Pan American Silver by 6.0% in the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock worth $160,000 after purchasing an additional 451 shares during the period. US Bancorp DE lifted its stake in Pan American Silver by 9.6% in the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after acquiring an additional 539 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Pan American Silver by 23.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after acquiring an additional 549 shares during the period. Principal Securities Inc. grew its stake in Pan American Silver by 12.5% during the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock valued at $121,000 after acquiring an additional 664 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of Pan American Silver by 2.4% in the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock valued at $611,000 after purchasing an additional 715 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently issued reports on PAAS. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. TD Securities cut their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets began coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $29.50.
Read Our Latest Stock Analysis on PAAS
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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