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

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was the target of unusually large options trading activity on Thursday. Investors purchased 56,409 call options on the company. This represents an increase of 1,817% compared to the typical daily volume of 2,942 call options.

Hedge funds have recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in Pan American Silver during the 1st quarter worth about $80,000. NumerixS Investment Technologies Inc purchased a new stake in Pan American Silver during the 1st quarter worth about $106,000. Investors Research Corp purchased a new stake in Pan American Silver during the 1st quarter worth about $131,000. Cetera Advisor Networks LLC purchased a new stake in Pan American Silver during the 1st quarter worth about $135,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Pan American Silver during the 1st quarter worth about $136,000. Institutional investors and hedge funds own 52.51% of the company’s stock.

A number of brokerages have recently issued reports on PAAS. BidaskClub upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. ValuEngine downgraded Pan American Silver from a “buy” rating to a “hold” rating in a report on Friday, August 16th. TD Securities increased their price target on Pan American Silver from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Zacks Investment Research downgraded Pan American Silver from a “buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.54.

Pan American Silver stock traded up $0.75 during midday trading on Friday, reaching $17.45. The company’s stock had a trading volume of 3,561,970 shares, compared to its average volume of 3,693,483. Pan American Silver has a fifty-two week low of $10.26 and a fifty-two week high of $17.50. The firm has a market capitalization of $3.54 billion, a PE ratio of 44.74, a P/E/G ratio of 11.34 and a beta of 0.14. The stock’s 50 day simple moving average is $15.52 and its 200 day simple moving average is $13.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.98 and a current ratio of 4.08.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Pan American Silver had a positive return on equity of 0.56% and a negative net margin of 2.39%. The business had revenue of $282.90 million during the quarter, compared to analysts’ expectations of $320.98 million. During the same quarter last year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 30.7% on a year-over-year basis. Equities analysts predict that Pan American Silver will post 0.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be given a $0.062 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, August 16th. Pan American Silver’s dividend payout ratio is currently 35.90%.

About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

See Also: Compound Annual Growth Rate (CAGR)

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