Pan American Silver Corp. (PAAS) Short Interest Update

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totalling 2,043,125 shares, an increase of 41.9% from the July 31st total of 1,440,030 shares. Based on an average trading volume of 1,318,562 shares, the short-interest ratio is currently 1.5 days.

PAAS has been the topic of several recent research reports. BidaskClub lowered Pan American Silver from a “hold” rating to a “sell” rating in a report on Wednesday, June 6th. Deutsche Bank lowered Pan American Silver from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a report on Wednesday, July 11th. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price target on shares of Pan American Silver in a report on Friday, July 13th. Zacks Investment Research lowered Pan American Silver from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. Finally, Scotiabank lowered Pan American Silver from an “outperform” rating to a “sector perform” rating and set a $18.00 price target on the stock. in a report on Monday, July 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $20.55.

PAAS stock opened at $16.16 on Tuesday. Pan American Silver has a twelve month low of $13.99 and a twelve month high of $19.56. The company has a market capitalization of $2.42 billion, a PE ratio of 31.02, a P/E/G ratio of 5.87 and a beta of 0.18.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 8th. The basic materials company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.07. Pan American Silver had a return on equity of 7.06% and a net margin of 17.95%. The company had revenue of $216.46 million for the quarter, compared to analyst estimates of $213.63 million. sell-side analysts forecast that Pan American Silver will post 0.67 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Monday, August 20th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Friday, August 17th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.87%. Pan American Silver’s dividend payout ratio is presently 27.45%.

Several hedge funds have recently bought and sold shares of PAAS. Lincoln National Corp bought a new position in shares of Pan American Silver in the second quarter valued at approximately $224,000. Verition Fund Management LLC bought a new position in shares of Pan American Silver in the first quarter valued at approximately $276,000. Gamco Investors INC. ET AL bought a new position in shares of Pan American Silver in the second quarter valued at approximately $297,000. Sigma Planning Corp lifted its holdings in shares of Pan American Silver by 22.7% in the second quarter. Sigma Planning Corp now owns 18,168 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 3,367 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Pan American Silver by 26.7% in the second quarter. Fiera Capital Corp now owns 19,000 shares of the basic materials company’s stock valued at $341,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors own 48.20% of the company’s stock.

Pan American Silver Company Profile

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

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