Pan American Silver Sees Unusually High Options Volume (NYSE:PAAS)

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) was the recipient of unusually large options trading on Thursday. Investors bought 32,295 call options on the company. This represents an increase of approximately 85% compared to the typical volume of 17,422 call options.

Institutional Trading of Pan American Silver

Large investors have recently modified their holdings of the stock. Moneda S.A. Administradora General de Fondos acquired a new position in shares of Pan American Silver during the third quarter worth $567,000. Swiss Life Asset Management Ltd lifted its holdings in Pan American Silver by 19.9% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 40,036 shares of the basic materials company’s stock worth $1,553,000 after buying an additional 6,644 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of Pan American Silver during the 3rd quarter worth about $113,000. Coldstream Capital Management Inc. increased its holdings in shares of Pan American Silver by 108.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 25,241 shares of the basic materials company’s stock valued at $978,000 after acquiring an additional 13,116 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Pan American Silver by 53.3% during the 3rd quarter. Advisory Services Network LLC now owns 11,931 shares of the basic materials company’s stock worth $462,000 after acquiring an additional 4,148 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

PAAS has been the subject of a number of recent analyst reports. Scotiabank boosted their price objective on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Zacks Research raised shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday. Finally, National Bank Financial raised shares of Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

Pan American Silver Stock Up 3.5%

Shares of PAAS opened at $50.38 on Friday. The stock has a 50 day moving average price of $39.38 and a 200 day moving average price of $33.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.55 and a current ratio of 2.31. The stock has a market capitalization of $21.26 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 0.46 and a beta of 0.72. Pan American Silver has a one year low of $19.80 and a one year high of $51.89.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The company had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. During the same period last year, the firm posted $0.32 EPS. The business’s quarterly revenue was up 19.3% on a year-over-year basis. Equities research analysts forecast that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, November 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. Pan American Silver’s payout ratio is 32.37%.

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.