Investors Purchase Large Volume of Pan American Silver Call Options (NYSE:PAAS)

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS saw unusually large options trading activity on Monday. Stock investors purchased 9,098 call options on the stock. This represents an increase of 26% compared to the typical volume of 7,235 call options.

Analyst Ratings Changes

PAAS has been the subject of several research reports. Royal Bank of Canada increased their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. TD Securities decreased their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Finally, BMO Capital Markets assumed coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating for the company. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.60.

Hedge Funds Weigh In On Pan American Silver

Several large investors have recently added to or reduced their stakes in PAAS. Norges Bank purchased a new position in Pan American Silver during the fourth quarter valued at approximately $91,916,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Pan American Silver by 319.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,451,864 shares of the basic materials company's stock worth $115,009,000 after buying an additional 3,389,549 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Pan American Silver in the fourth quarter worth $24,083,000. Hsbc Holdings PLC lifted its holdings in shares of Pan American Silver by 661.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock worth $26,300,000 after buying an additional 1,135,839 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Pan American Silver by 11.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company's stock worth $233,225,000 after buying an additional 959,859 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

Shares of PAAS stock traded up $0.11 during trading hours on Tuesday, reaching $26.27. The company had a trading volume of 4,717,086 shares, compared to its average volume of 3,795,070. The business has a fifty day moving average price of $24.76 and a 200-day moving average price of $23.64. Pan American Silver has a one year low of $17.86 and a one year high of $28.60. The firm has a market cap of $9.51 billion, a PE ratio of 82.08 and a beta of 0.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.23. The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm's revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 earnings per share. Sell-side analysts predict that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.52%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio is currently 45.98%.

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.