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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) was the target of unusually large options trading activity on Monday. Traders acquired 20,388 call options on the company. This is an increase of 10% compared to the typical daily volume of 18,507 call options.

Analysts Set New Price Targets

Several analysts recently commented on PAAS shares. Jefferies Financial Group reiterated a “hold” rating and issued a $50.00 price objective on shares of Pan American Silver in a research note on Sunday, December 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 22nd. CIBC upped their price target on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Bank of America boosted their target price on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Two 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.33.

Institutional Investors Weigh In On Pan American Silver

Several hedge funds have recently modified their holdings of PAAS. Parallel Advisors LLC grew its holdings in Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares during the period. Rothschild Investment LLC acquired a new position in shares of Pan American Silver in the 3rd quarter valued at $36,000. City State Bank grew its stake in shares of Pan American Silver by 74.4% during the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after buying an additional 435 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after buying an additional 497 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Pan American Silver by 3,111.4% in the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after buying an additional 1,089 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of NYSE:PAAS traded down $3.23 on Monday, hitting $52.16. The company had a trading volume of 9,183,099 shares, compared to its average volume of 5,249,574. Pan American Silver has a 52-week low of $19.80 and a 52-week high of $55.85. The company has a market cap of $22.01 billion, a PE ratio of 30.15, a PEG ratio of 0.52 and a beta of 0.71. The business has a 50 day moving average of $42.05 and a 200 day moving average of $36.01. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. As a group, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.1%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, November 24th. Pan American Silver’s dividend payout ratio (DPR) is currently 32.37%.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.