Investors Buy High Volume of Call Options on Pan American Silver (NYSE:PAAS)

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) was the target of unusually large options trading on Monday. Stock investors purchased 34,084 call options on the company. This is an increase of 311% compared to the typical volume of 8,302 call options.

Institutional Investors Weigh In On Pan American Silver

Several hedge funds have recently bought and sold shares of PAAS. Fifth Third Bancorp lifted its stake in Pan American Silver by 1,336.1% in the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 481 shares during the last quarter. NFJ Investment Group LLC bought a new position in shares of Pan American Silver during the second quarter worth about $25,000. Danske Bank A S acquired a new position in shares of Pan American Silver in the 2nd quarter worth approximately $30,000. Latitude Advisors LLC bought a new stake in Pan American Silver during the third quarter valued at $33,000. Finally, Paladin Partners LLC acquired a new stake in Pan American Silver during the second quarter worth approximately $40,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Price Performance

PAAS stock traded up $1.12 during trading on Monday, hitting $42.29. The company had a trading volume of 3,199,248 shares, compared to its average volume of 5,728,547. The company has a market cap of $17.44 billion, a P/E ratio of 11.34, a P/E/G ratio of 4.62 and a beta of 0.76. The company has a current ratio of 2.72, a quick ratio of 2.03 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average price of $45.90 and a two-hundred day moving average price of $51.43. Pan American Silver has a fifty-two week low of $35.82 and a fifty-two week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, November 4th. The basic materials company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. Pan American Silver had a return on equity of 20.94% and a net margin of 35.18%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $0.48 EPS. Pan American Silver’s revenue was up 17.7% compared to the same quarter last year. Equities research analysts expect that Pan American Silver will post 3.34 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Monday, November 16th will be given a dividend of $0.1850 per share. The ex-dividend date is Monday, November 16th. This represents a $0.74 annualized dividend and a dividend yield of 1.7%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.1840. Pan American Silver’s dividend payout ratio is presently 19.84%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PAAS. Weiss Ratings lowered shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. BMO Capital Markets restated a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. Zacks Research raised Pan American Silver from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Royal Bank Of Canada cut their target price on shares of Pan American Silver from $65.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, September 16th. Finally, TD Cowen cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.71.

About Pan American Silver

Pan American Silver Corp. is a mining company focused on the exploration, development and operation of silver and gold mines. Its products also include by-products such as zinc, lead and copper, which are recovered during mining and processing.

Founded in 1994 and headquartered in Vancouver, British Columbia, the company operates mines and holds exploration and development interests in Canada and Latin America. Its portfolio has expanded over time through acquisitions, including its 2023 acquisition of Yamana Gold’s Canadian assets and interests in several mines in Latin America.

Pan American Silver’s activities span the mining lifecycle, from mineral exploration and project development to ore processing and the sale of produced metals.