Pan American Silver Corp. Short Interest Down 34.6% in June (PAAS)
Shares of Pan American Silver Corp. (NASDAQ:PAAS) were the recipient of a large decrease in short interest in June. As of June 13th, there was short interest totalling 1,250,209 shares, a decrease of 34.6% from the May 30th total of 1,910,503 shares, American Banking and Market News reports. Based on an average trading volume of 903,183 shares, the short-interest ratio is currently 1.4 days. Approximately 0.8% of the company’s stock are sold short.
A number of analysts have recently weighed in on PAAS shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pan American Silver Corp. in a research note on Wednesday, May 14th. They now have a $16.00 price target on the stock, up previously from $15.00. Analysts at Cowen and Company raised their price target on shares of Pan American Silver Corp. from $12.44 to $12.60 in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.54.
Pan American Silver Corp. (NASDAQ:PAAS) opened at 15.25 on Wednesday. Pan American Silver Corp. has a 52 week low of $9.78 and a 52 week high of $15.65. The stock’s 50-day moving average is $13.51 and its 200-day moving average is $13.17. The company’s market cap is $2.310 billion.
Pan American Silver Corp. (NASDAQ:PAAS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.01. The company had revenue of $209.70 million for the quarter, compared to the consensus estimate of $195.62 million. On average, analysts predict that Pan American Silver Corp. will post $0.24 earnings per share for the current fiscal year.
Pan American Silver Corp. (NASDAQ:PAAS), engaged in the operation and development of, and exploration for, silver producing properties and assets.
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