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

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS was the recipient of some unusual options trading on Monday. Investors bought 13,528 call options on the stock. This represents an increase of approximately 60% compared to the typical daily volume of 8,450 call options.

Analyst Ratings Changes

Several equities analysts have recently commented on PAAS shares. BMO Capital Markets started coverage on Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. TD Securities cut their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. Finally, CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $31.40.

Institutional Investors Weigh In On Pan American Silver

A number of institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in shares of Pan American Silver by 4.3% during the second quarter. Janney Montgomery Scott LLC now owns 45,551 shares of the basic materials company's stock worth $1,294,000 after purchasing an additional 1,898 shares during the period. Builder Investment Group Inc. ADV lifted its holdings in Pan American Silver by 1.5% in the second quarter. Builder Investment Group Inc. ADV now owns 268,894 shares of the basic materials company's stock valued at $7,637,000 after acquiring an additional 4,020 shares during the period. Signaturefd LLC lifted its holdings in Pan American Silver by 5.5% in the second quarter. Signaturefd LLC now owns 9,042 shares of the basic materials company's stock valued at $257,000 after acquiring an additional 475 shares during the period. Legend Financial Advisors Inc. acquired a new position in Pan American Silver in the second quarter valued at approximately $883,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in Pan American Silver by 106.6% in the second quarter. Public Employees Retirement System of Ohio now owns 56,614 shares of the basic materials company's stock valued at $1,604,000 after acquiring an additional 29,217 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Stock Down 1.7%

Shares of PAAS stock traded down $0.49 during trading hours on Thursday, reaching $28.43. 3,880,113 shares of the company's stock were exchanged, compared to its average volume of 4,002,751. Pan American Silver has a 1 year low of $17.86 and a 1 year high of $31.03. The stock has a market cap of $10.29 billion, a PE ratio of 32.68, a PEG ratio of 0.51 and a beta of 0.67. The company has a current ratio of 2.93, a quick ratio of 1.94 and a debt-to-equity ratio of 0.16. The stock's fifty day moving average price is $27.08 and its two-hundred day moving average price is $25.13.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The business had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The company's revenue was up 28.6% on a year-over-year basis. Research analysts predict that Pan American Silver will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is 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.