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

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS saw some unusual options trading activity on Monday. Traders acquired 24,280 call options on the stock. This represents an increase of approximately 225% compared to the typical volume of 7,480 call options.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. CIBC boosted their target price on shares of Pan American Silver from $30.00 to $35.00 and gave the company an "outperformer" rating in a research note on Wednesday, July 10th. Scotiabank increased their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 16th. Royal Bank of Canada boosted their target price on Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their price objective on Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.93.

Pan American Silver Price Performance

Shares of PAAS traded up $0.42 during midday trading on Monday, hitting $24.83. 8,449,546 shares of the company traded hands, compared to its average volume of 4,080,548. Pan American Silver has a one year low of $12.16 and a one year high of $25.73. The firm has a market cap of $9.01 billion, a P/E ratio of -53.93 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. The stock has a 50-day moving average of $20.93 and a 200-day moving average of $20.64.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). The firm had revenue of $686.30 million for the quarter, compared to the consensus estimate of $696.08 million. Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The business's revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $0.04 EPS. As a group, sell-side analysts predict that Pan American Silver will post 0.64 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.10 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 1.61%. Pan American Silver's dividend payout ratio is currently -86.96%.

Institutional Trading of Pan American Silver

Several institutional investors and hedge funds have recently modified their holdings of the business. Foundry Partners LLC increased its position in shares of Pan American Silver by 11.6% in the first quarter. Foundry Partners LLC now owns 247,676 shares of the basic materials company's stock worth $3,735,000 after purchasing an additional 25,835 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Pan American Silver during the 2nd quarter worth $990,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Pan American Silver during the 2nd quarter worth $963,000. Cetera Investment Advisers purchased a new position in Pan American Silver in the first quarter worth $1,565,000. Finally, Gamco Investors INC. ET AL bought a new position in Pan American Silver in the first quarter valued at $421,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

About Pan American Silver

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.