Stock Traders Purchase Large Volume of Call Options on Pan American Silver (NASDAQ:PAAS)

Pan American Silver Corp. (NASDAQ:PAASGet Rating) (TSE:PAAS) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 10,784 call options on the company. This represents an increase of approximately 220% compared to the average volume of 3,373 call options.

Pan American Silver Stock Up 4.3 %

Shares of NASDAQ PAAS traded up $0.63 during midday trading on Tuesday, hitting $15.45. 272,650 shares of the company’s stock were exchanged, compared to its average volume of 6,271,475. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.96 and a current ratio of 2.12. The company’s 50 day moving average price is $15.65 and its 200 day moving average price is $18.31. Pan American Silver has a 12 month low of $13.40 and a 12 month high of $30.56.

Pan American Silver Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Monday, November 21st will be issued a $0.10 dividend. The ex-dividend date is Friday, November 18th. This represents a $0.40 annualized dividend and a yield of 2.59%. Pan American Silver’s dividend payout ratio is currently -53.33%.

Analyst Upgrades and Downgrades

PAAS has been the subject of a number of recent analyst reports. TheStreet cut shares of Pan American Silver from a “b-” rating to a “c-” rating in a report on Monday, September 12th. National Bank Financial decreased their target price on Pan American Silver from C$33.00 to C$31.50 in a report on Thursday, October 13th. StockNews.com upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Thursday, November 10th. Pi Financial reiterated a “buy” rating on shares of Pan American Silver in a research report on Saturday, July 30th. Finally, TD Securities lowered their target price on shares of Pan American Silver from $22.00 to $20.00 and set a “buy” rating for the company in a report on Friday, November 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average target price of $28.10.

Institutional Trading of Pan American Silver

Several institutional investors have recently added to or reduced their stakes in the company. Prelude Capital Management LLC raised its stake in Pan American Silver by 1.6% in the first quarter. Prelude Capital Management LLC now owns 32,602 shares of the basic materials company’s stock valued at $890,000 after purchasing an additional 524 shares in the last quarter. Retirement Planning Co of New England Inc. increased its stake in shares of Pan American Silver by 5.0% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 12,282 shares of the basic materials company’s stock valued at $335,000 after purchasing an additional 586 shares during the last quarter. Boenning & Scattergood Inc. boosted its stake in Pan American Silver by 0.9% in the second quarter. Boenning & Scattergood Inc. now owns 64,794 shares of the basic materials company’s stock valued at $1,274,000 after buying an additional 594 shares in the last quarter. Rational Advisors LLC raised its stake in Pan American Silver by 63.8% during the first quarter. Rational Advisors LLC now owns 1,530 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 596 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Pan American Silver by 5.5% in the 1st quarter. Northern Trust Corp now owns 11,998 shares of the basic materials company’s stock valued at $328,000 after purchasing an additional 623 shares during the last quarter. 45.21% of the stock is currently owned by institutional investors.

About Pan American Silver

(Get Rating)

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines.

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