Investors Purchase High Volume of Pan American Silver Call Options (NYSE:PAAS)

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) was the target of some unusual options trading on Monday. Stock traders purchased 34,084 call options on the company. This represents an increase of approximately 311% compared to the typical volume of 8,302 call options.

Pan American Silver Price Performance

NYSE:PAAS traded up $1.12 during mid-day trading on Monday, reaching $42.29. The stock had a trading volume of 3,199,248 shares, compared to its average volume of 5,728,547. Pan American Silver has a one year low of $35.82 and a one year high of $69.99. The stock has a market capitalization of $17.44 billion, a P/E ratio of 11.34, a P/E/G ratio of 4.62 and a beta of 0.76. The firm has a 50 day moving average price of $45.90 and a two-hundred day moving average price of $51.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.03 and a current ratio of 2.72.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, November 4th. The basic materials company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Pan American Silver had a net margin of 35.18% and a return on equity of 20.94%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned $0.48 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. As a group, analysts expect that Pan American Silver will post 3.34 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Monday, November 16th will be paid a $0.1850 dividend. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.1840. This represents a $0.74 annualized dividend and a dividend yield of 1.7%. Pan American Silver’s payout ratio is presently 19.84%.

Institutional Investors Weigh In On Pan American Silver

A number of large investors have recently modified their holdings of PAAS. BlackRock Inc. purchased a new position in shares of Pan American Silver during the 2nd quarter worth approximately $375,948,000. Bank of America Corp DE purchased a new stake in Pan American Silver during the 2nd quarter valued at about $82,038,000. Edmond DE Rothschild Holding S.A. bought a new stake in Pan American Silver during the 2nd quarter valued at about $2,347,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in Pan American Silver during the 2nd quarter valued at about $6,277,000. Finally, Groupe la Francaise increased its stake in Pan American Silver by 11.8% during the 2nd quarter. Groupe la Francaise now owns 380,000 shares of the basic materials company’s stock valued at $17,042,000 after purchasing an additional 40,000 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PAAS. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Scotiabank reiterated an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. TD Cowen lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Monday. Zacks Research upgraded Pan American Silver from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, Wall Street Zen cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.71.

Pan American Silver Company Profile

Pan American Silver Corp. is a mining company focused on the exploration, development and operation of silver and gold mines. Its products also include by-products such as zinc, lead and copper, which are recovered during mining and processing.

Founded in 1994 and headquartered in Vancouver, British Columbia, the company operates mines and holds exploration and development interests in Canada and Latin America. Its portfolio has expanded over time through acquisitions, including its 2023 acquisition of Yamana Gold’s Canadian assets and interests in several mines in Latin America.

Pan American Silver’s activities span the mining lifecycle, from mineral exploration and project development to ore processing and the sale of produced metals.