On April 6, 2023 at 11:09:43 ET an unusually large
$588.00K block of Call contracts in Pan American Silver
(PAAS) was bought,
with a strike price of $30.00 / share, expiring in 288 days (on January 19, 2024).
Fintel tracks all large options trades, and the premium spent on this trade was 4.23 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in PAAS options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 5.91% Downside
As of April 6, 2023,
the average one-year price target for Pan American Silver is $17.87.
The forecasts range from a low of $16.51 to a high of $21.84.
The average price target represents a decrease of 5.91% from its latest reported closing price of $18.99.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Pan American Silver
is $1,510MM.
The projected annual non-GAAP EPS
is $0.42.
What is the Fund Sentiment?
There are 469 funds or institutions reporting positions in Pan American Silver.
This is an increase
of
23
owner(s) or 5.16% in the last quarter.
Average portfolio weight of all funds dedicated to PAAS is 0.30%,
a decrease
of 0.95%.
Total shares owned by institutions increased
in the last three months by 20.56% to 162,776K shares.
The put/call ratio of PAAS is 0.43, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Van Eck Associates
holds 21,864K shares
representing 10.38% ownership of the company.
In it’s prior filing, the firm reported owning 21,582K shares, representing
an increase
of 1.29%.
The firm
decreased
its portfolio allocation in PAAS by 9.50% over the last quarter.
GDX – VanEck Vectors Gold Miners ETF
holds 10,911K shares
representing 5.18% ownership of the company.
In it’s prior filing, the firm reported owning 10,802K shares, representing
an increase
of 1.01%.
The firm
decreased
its portfolio allocation in PAAS by 18.54% over the last quarter.
GDXJ – VanEck Vectors Junior Gold Miners ETF
holds 8,963K shares
representing 4.25% ownership of the company.
In it’s prior filing, the firm reported owning 8,794K shares, representing
an increase
of 1.88%.
The firm
decreased
its portfolio allocation in PAAS by 15.67% over the last quarter.
SGGDX – First Eagle Gold Fund
holds 6,836K shares
representing 3.24% ownership of the company.
No change in the last quarter.
FIL
holds 5,353K shares
representing 2.54% ownership of the company.
In it’s prior filing, the firm reported owning 4,003K shares, representing
an increase
of 25.21%.
The firm
decreased
its portfolio allocation in PAAS by 99.94% over the last quarter.
Pan American Silver Background Information
(This description is provided by the company.)
Pan American owns and operates silver and gold mines located in Mexico, Peru, Canada, Argentina and Bolivia. It also owns the Escobal mine in Guatemalathat is currently not operating. As the world’s second largest primary silver producer with the largest silver reserve base globally, it provides enhanced exposure to silver in addition to a diversified portfolio of gold producing assets. Pan American has a 27-year history of operating in Latin America, earning an industry-leading reputation for corporate social responsibility, operational excellence and prudent financial management. It is headquartered in Vancouver, B.C.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
