Stock Traders Purchase High Volume of Call Options on Pan American Silver (NYSE:PAAS)

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS saw unusually large options trading activity on Thursday. Traders bought 15,351 call options on the stock. This represents an increase of approximately 86% compared to the average daily volume of 8,269 call options.

Analyst Ratings Changes

Several brokerages have recently weighed in on PAAS. Scotiabank raised their target price on Pan American Silver from $19.50 to $20.00 and gave the stock a "sector outperform" rating in a research report on Monday, April 8th. Jefferies Financial Group boosted their price target on shares of Pan American Silver from $14.00 to $17.00 and gave the company a "hold" rating in a research report on Monday, April 22nd. TD Securities cut their target price on Pan American Silver from $18.50 to $17.50 and set a "buy" rating on the stock in a research report on Friday, February 23rd. BMO Capital Markets cut their target price on Pan American Silver from $27.00 to $22.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th. Finally, CIBC reduced their price objective on Pan American Silver from $28.00 to $27.50 and set an "outperform" rating for the company in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Hedge Funds Weigh In On Pan American Silver

Large investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in shares of Pan American Silver by 1.4% in the 1st quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company's stock worth $701,016,000 after acquiring an additional 653,064 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Pan American Silver by 1.4% in the fourth 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. Invesco Ltd. grew its stake in shares of Pan American Silver by 9.7% in the 3rd quarter. Invesco Ltd. now owns 5,895,109 shares of the basic materials company's stock worth $85,361,000 after purchasing an additional 520,978 shares during the last quarter. Norges Bank bought a new stake in shares of Pan American Silver in the 4th quarter worth approximately $63,066,000. Finally, Ameriprise Financial Inc. boosted its holdings in Pan American Silver by 1.0% during the third quarter. Ameriprise Financial Inc. now owns 3,080,846 shares of the basic materials company's stock worth $44,636,000 after buying an additional 31,618 shares in the last quarter. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Up 10.7 %

Shares of NYSE:PAAS traded up $2.00 during trading on Thursday, hitting $20.63. The company's stock had a trading volume of 10,763,255 shares, compared to its average volume of 4,382,654. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $20.90. The stock's 50-day moving average price is $16.43 and its two-hundred day moving average price is $15.20. 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 company has a market capitalization of $7.49 billion, a PE ratio of -67.13, a PEG ratio of 2.49 and a beta of 1.36.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.07. The business had revenue of $601.40 million during the quarter, compared to the consensus estimate of $592.58 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The business's quarterly revenue was up 54.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. As a group, sell-side analysts expect that Pan American Silver will post 0.38 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.10 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.94%. Pan American Silver's dividend payout ratio (DPR) is presently -133.33%.

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.