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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 18,023 call options on the company. This is an increase of 37% compared to the average volume of 13,197 call options.

Institutional Investors Weigh In On Pan American Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Pan American Silver by 1.0% in the first quarter. Vanguard Group Inc. now owns 14,146,213 shares of the basic materials company’s stock worth $365,397,000 after purchasing an additional 138,028 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Pan American Silver by 15.5% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,425,601 shares of the basic materials company’s stock worth $296,087,000 after buying an additional 1,396,360 shares during the last quarter. Invesco Ltd. boosted its position in Pan American Silver by 49.5% in the second quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock worth $256,062,000 after purchasing an additional 2,986,434 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Pan American Silver by 5,674.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock worth $174,406,000 after purchasing an additional 6,034,755 shares during the last quarter. Finally, Norges Bank purchased a new position in Pan American Silver in the second quarter worth about $155,281,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS opened at $35.85 on Thursday. The business’s fifty day simple moving average is $36.20 and its two-hundred day simple moving average is $30.21. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. Pan American Silver has a 12 month low of $19.80 and a 12 month high of $42.57. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 0.45 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The company had revenue of $811.90 million for the quarter, compared to analysts’ expectations of $782.12 million. During the same period last year, the firm posted $0.11 earnings per share. Pan American Silver’s revenue was up 18.3% compared to the same quarter last year. Research analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, August 18th. This is a boost from Pan American Silver’s previous quarterly dividend of $0.10. Pan American Silver’s payout ratio is 33.10%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. Scotiabank cut their price objective on shares of Pan American Silver from $36.50 to $36.00 and set an “outperform” rating on the stock in a report on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, October 14th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, CIBC increased their target price on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.50.

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.