Pan American Silver Corp. (NASDAQ:PAAS) Short Interest Update


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Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totalling 2,800,000 shares, a growth of 13.4% from the October 15th total of 2,470,000 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily volume of 2,350,000 shares, the days-to-cover ratio is presently 1.2 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Evoke Wealth LLC acquired a new position in shares of Pan American Silver in the second quarter worth about $25,000. Signaturefd LLC boosted its stake in Pan American Silver by 123.8% in the 3rd quarter. Signaturefd LLC now owns 967 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 535 shares during the period. Acadian Asset Management LLC acquired a new position in Pan American Silver in the 3rd quarter worth approximately $32,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Pan American Silver during the 2nd quarter worth approximately $39,000. Finally, Macroview Investment Management LLC acquired a new stake in Pan American Silver during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 50.35% of the company’s stock.

Shares of NASDAQ PAAS traded up $0.43 during trading on Friday, hitting $30.80. The company had a trading volume of 1,669,441 shares, compared to its average volume of 3,457,253. Pan American Silver has a 52 week low of $10.61 and a 52 week high of $40.11. The business’s 50-day moving average is $33.13 and its 200 day moving average is $31.64. The company has a market cap of $6.47 billion, a P/E ratio of 192.51, a PEG ratio of 2.97 and a beta of 1.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.83 and a current ratio of 3.04.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Monday, November 9th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). The company had revenue of $300.41 million during the quarter, compared to analyst estimates of $399.39 million. Pan American Silver had a return on equity of 8.00% and a net margin of 2.31%. The business’s revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, research analysts expect that Pan American Silver will post 0.85 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Monday, November 16th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 0.91%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.05. Pan American Silver’s dividend payout ratio (DPR) is currently 35.90%.

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Pan American Silver from a “hold” rating to a “buy” rating and raised their target price for the company from $34.00 to $38.00 in a research note on Thursday, October 1st. BidaskClub lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Zacks Investment Research downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Canaccord Genuity upgraded Pan American Silver to a “buy” rating and set a $44.00 price target on the stock in a research report on Wednesday, July 29th. Finally, Pi Financial raised Pan American Silver from a “neutral” rating to a “buy” rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $33.39.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines in Canada, Mexico, Peru, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Huaron, Morococha, San Vicente, Manantial Espejo, Escobal, Shahuindo, La Arena, and Timmins mines.

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