Pan American Silver Corp. (NYSE:PAAS) Sees Significant Decline in Short Interest

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 6,720,000 shares, a drop of 19.1% from the December 15th total of 8,310,000 shares. Based on an average daily volume of 3,330,000 shares, the short-interest ratio is currently 2.0 days.

Pan American Silver Price Performance

Shares of PAAS traded up $0.02 during mid-day trading on Friday, reaching $21.47. 2,042,377 shares of the stock traded hands, compared to its average volume of 2,061,741. The company has a market cap of $7.80 billion, a price-to-earnings ratio of -126.31 and a beta of 1.27. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average price of $21.63 and a 200 day moving average price of $21.66. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $26.05.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver’s payout ratio is -235.28%.

Wall Street Analyst Weigh In

PAAS has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their target price on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.42.

Institutional Trading of Pan American Silver

A number of hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new stake in Pan American Silver in the second quarter worth approximately $333,000. American Century Companies Inc. grew its holdings in shares of Pan American Silver by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 1,326,544 shares of the basic materials company’s stock valued at $26,370,000 after purchasing an additional 99,050 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Pan American Silver by 65.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 190,769 shares of the basic materials company’s stock valued at $3,877,000 after purchasing an additional 75,577 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its position in Pan American Silver by 943.4% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 1,500 shares during the period. Finally, Goehring & Rozencwajg Associates LLC lifted its stake in Pan American Silver by 20.8% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 266,491 shares of the basic materials company’s stock worth $5,298,000 after purchasing an additional 45,900 shares during the last quarter. 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.