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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 7,940,000 shares, an increase of 43.1% from the February 28th total of 5,550,000 shares. Approximately 2.5% of the company’s stock are sold short. Based on an average trading volume of 3,050,000 shares, the days-to-cover ratio is currently 2.6 days.

Pan American Silver Trading Down 1.1 %

Shares of Pan American Silver stock traded down $0.28 on Tuesday, reaching $25.55. 3,518,941 shares of the company were exchanged, compared to its average volume of 3,863,218. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 79.86 and a beta of 1.25. Pan American Silver has a fifty-two week low of $15.45 and a fifty-two week high of $27.47. The stock has a fifty day moving average price of $24.61 and a 200-day moving average price of $22.94.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. On average, analysts expect that Pan American Silver will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

Wall Street Analysts Forecast Growth

PAAS has been the subject of several research analyst reports. Scotiabank increased their price objective on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a report on Tuesday, February 25th. TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Royal Bank of Canada boosted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Pan American Silver by 1,834.8% in the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after purchasing an additional 1,275,475 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Pan American Silver in the third quarter valued at about $1,340,000. Mark Sheptoff Financial Planning LLC increased its position in Pan American Silver by 102.5% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company’s stock valued at $70,000 after acquiring an additional 1,700 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Pan American Silver during the third quarter worth approximately $146,000. Finally, Centiva Capital LP acquired a new position in Pan American Silver during the 3rd quarter worth $1,312,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.