Pan American Silver Corp. (NYSE:PAAS – Get Free Report) (TSE:PAAS) was the target of some unusual options trading on Friday. Investors purchased 15,169 call options on the stock. This is an increase of approximately 34% compared to the typical volume of 11,360 call options.
Institutional Trading of Pan American Silver
Several hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Pan American Silver by 31.6% during the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 510 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Pan American Silver during the 1st quarter valued at approximately $1,565,000. Virtu Financial LLC acquired a new stake in Pan American Silver during the 1st quarter valued at approximately $479,000. Bluefin Capital Management LLC acquired a new stake in Pan American Silver during the 1st quarter valued at approximately $302,000. Finally, Tidal Investments LLC increased its position in Pan American Silver by 15,618.3% during the 1st quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock valued at $57,340,000 after purchasing an additional 3,779,309 shares during the period. 55.43% of the stock is currently owned by institutional investors.
Pan American Silver Stock Performance
Pan American Silver stock opened at $23.72 on Friday. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $24.14. The company has a quick ratio of 0.92, a current ratio of 2.11 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $20.79 and its two-hundred day moving average price is $17.13. The stock has a market cap of $8.61 billion, a PE ratio of -51.57 and a beta of 1.31.
Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last released its earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. Pan American Silver had a positive return on equity of 0.13% and a negative net margin of 6.68%. The firm had revenue of $601.40 million for the quarter, compared to analysts’ expectations of $592.58 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 54.1% on a year-over-year basis. As a group, analysts expect that Pan American Silver will post 0.59 earnings per share for the current fiscal year.
Pan American Silver Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 21st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Monday, May 20th. Pan American Silver’s dividend payout ratio (DPR) is currently -86.96%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on PAAS shares. StockNews.com raised Pan American Silver from a “sell” rating to a “hold” rating in a report on Saturday, May 11th. BMO Capital Markets boosted their price target on Pan American Silver from $22.00 to $24.00 in a research note on Tuesday, May 21st. CIBC boosted their price target on Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research note on Wednesday. Jefferies Financial Group boosted their price target on Pan American Silver from $19.00 to $22.00 and gave the company a “hold” rating in a research note on Friday. Finally, Scotiabank boosted their price target on Pan American Silver from $20.00 to $23.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.92.
Get Our Latest Research Report on Pan American Silver
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.
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