Major Move Is Coming For Pan American Silver Corp. (USA) After Bearish Options Activity

 Major Move Is Coming For Pan American Silver Corp. (USA) After Bearish Options Activity

In today’s session Pan American Silver Corp. (USA) (PAAS) recorded an unusually high (186) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious PAAS decrease. With 186 contracts traded and 8644 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: PAAS161118P00016000 closed last at: $0.55 or 15.4% down. About 2.34 million shares traded hands or 0.43% up from the average. Pan American Silver Corp. (USA) (NASDAQ:PAAS) has risen 45.34% since April 7, 2016 and is uptrending. It has outperformed by 40.56% the S&P500.

Analysts await Pan American Silver Corp. (USA) (NASDAQ:PAAS) to report earnings on November, 10. They expect $0.08 EPS, up 233.33% or $0.14 from last year’s $-0.06 per share. PAAS’s profit will be $12.45 million for 54.41 P/E if the $0.08 EPS becomes a reality. After $0.13 actual EPS 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 6 analysts covering Pan American Silver Corp. (NASDAQ:PAAS), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Pan American Silver Corp. has been the topic of 18 analyst reports since August 13, 2015 according to StockzIntelligence Inc. As per Thursday, September 17, the company rating was maintained by RBC Capital Markets. The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) has “Buy” rating given on Monday, October 3 by Deutsche Bank. BMO Capital Markets upgraded the stock to “Outperform” rating in Thursday, May 12 report. The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) earned “Sector Perform” rating by RBC Capital Markets on Monday, June 13. The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) has “Outperform” rating given on Friday, September 18 by FBR Capital. The rating was upgraded by BMO Capital Markets on Monday, March 14 to “Market Perform”. The firm has “Buy” rating by Deutsche Bank given on Thursday, August 13. Mackie downgraded it to “Buy” rating and $0.15 target price in Monday, August 31 report. The firm has “Mkt Perform” rating given on Thursday, January 28 by FBR Capital. The company was maintained on Wednesday, July 20 by FBR Capital.

According to Zacks Investment Research, “PAN AMER SILVER is a mining company focused exclusively on silver. Pan American Silver Corp. is founded upon a single mission, to become the best vehicle for equity investors wanting to gain real exposure to higher silver prices. To accomplish this they are striving to increase their low-cost silver production, to have the most successful silver exploration programs, to hold the largest silver reserves and resources, and to be the purest of the world’s large silver producers.”

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 $2.71 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.

PAAS Company Profile

Pan American Silver Corp. (Pan American), incorporated on March 7, 1979, 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’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia. The Firm has project development activities in Peru, Mexico and Argentina, and exploration activities throughout South America, Mexico, and the United States. The Company’s properties consist of the Huaron and Morococha mines located in Peru, the Alamo Dorado, La Colorada and Dolores mines located in Mexico, the San Vicente mine located in Bolivia and the Manantial Espejo mine located in Argentina. The Company’s subsidiaries include Pan American Silver Huaron S.A. (PAS Huaron), Compania Minera Argentum S.A., Minera Corner Bay S.A. de C.V., Plata Panamericana S.A. de C.V., Compania Minera Dolores S.A. de C.V., Minera Triton Argentina S.A. (MTA), Pan American Silver (Bolivia) S.A. (PASB) and Minera Argenta S.A.

Another recent and important Pan American Silver Corp. (USA) (NASDAQ:PAAS) news was published by Fool.ca which published an article titled: “Why Pan American Silver Corp. Is a Solid Opportunity to Cash in on the Rally …” on January 23, 2015.

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