What’s Ahead for Pan American Silver Corp. (USA) After Today’s Bullish Options Activity?

 What's Ahead for Pan American Silver Corp. (USA) After Today's Bullish Options Activity?

In today’s session Pan American Silver Corp. (USA) (PAAS) registered an unusually high (136) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2019 call, expecting serious PAAS increase. With 136 contracts traded and 144 open interest for the Jan, 19 contract, it seems this is a quite bullish bet. The option with symbol: PAAS190118C00020000 closed last at: $5.4 or 1.8% down. The stock decreased 11.17% or $1.98 during the last trading session, hitting $15.74. About 3.94 million shares traded hands or 30.03% up from the average. Pan American Silver Corp. (USA) (NASDAQ:PAAS) has risen 63.11% since March 2, 2016 and is uptrending. It has outperformed by 53.87% the S&P500.

Analysts await Pan American Silver Corp. (USA) (NASDAQ:PAAS) to report earnings on November, 10. They expect $0.08 earnings per share, up 233.33% or $0.14 from last year’s $-0.06 per share. PAAS’s profit will be $12.35M for 49.19 P/E if the $0.08 EPS becomes a reality. After $0.13 actual earnings per share reported by Pan American Silver Corp. (USA) for the previous quarter, Wall Street now forecasts -38.46% negative EPS growth.

Pan American Silver Corp. (USA) (NASDAQ:PAAS) Ratings Coverage

Out of 5 analysts covering Pan American Silver Corp. (NASDAQ:PAAS), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Pan American Silver Corp. has been the topic of 17 analyst reports since August 13, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Pan American Silver Corp. (USA) (NASDAQ:PAAS) rating on Monday, June 13. RBC Capital Markets has “Sector Perform” rating and $15 price target. The firm earned “Buy” rating on Monday, August 31 by Mackie. On Wednesday, March 23 the stock rating was downgraded by Deutsche Bank to “Hold”. Deutsche Bank upgraded Pan American Silver Corp. (USA) (NASDAQ:PAAS) on Thursday, August 13 to “Buy” rating. IBC upgraded the stock to “Sector Perform” rating in Monday, February 22 report. The company was upgraded on Thursday, May 12 by BMO Capital Markets. On Thursday, January 28 the stock rating was downgraded by FBR Capital to “Mkt Perform”. The firm earned “Outperform” rating on Monday, June 27 by Raymond James. The company was upgraded on Friday, April 8 by IBC. BMO Capital Markets upgraded it to “Market Perform” rating and $10.50 target price in Monday, March 14 report.

Pan American Silver Corp. is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The company has a market cap of $2.43 billion. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia. It currently has negative earnings. The Firm has project development activities in Peru, Mexico and Argentina, and exploration activities throughout South America, Mexico, and the United States.

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