Pan American Silver Corp. (NYSE:PAAS) Sees Large Drop in Short Interest

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS saw a significant drop in short interest in the month of 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 trading volume, of 3,330,000 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PAAS. Acadian Asset Management LLC purchased a new position in shares of Pan American Silver in the 2nd quarter valued at about $333,000. American Century Companies Inc. lifted its stake in Pan American Silver by 8.1% in the second quarter. American Century Companies Inc. now owns 1,326,544 shares of the basic materials company's stock worth $26,370,000 after acquiring an additional 99,050 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in 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 worth $3,877,000 after acquiring an additional 75,577 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its position in shares of 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 valued at $33,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC raised its holdings in shares of Pan American Silver by 20.8% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 266,491 shares of the basic materials company's stock valued at $5,298,000 after purchasing an additional 45,900 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Jefferies Financial Group boosted their target price on Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Pan American Silver currently has a consensus rating of "Moderate Buy" and an average price target of $25.42.

Pan American Silver Stock Up 1.2 %

PAAS traded up $0.25 during trading hours on Thursday, hitting $21.46. 3,699,149 shares of the company's stock were exchanged, compared to its average volume of 2,776,056. The firm has a market cap of $7.79 billion, a P/E ratio of -126.20 and a beta of 1.27. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $26.05. 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 50 day moving average of $21.70 and a 200 day moving average of $21.65.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.86%. Pan American Silver's dividend payout ratio (DPR) is presently -235.29%.

About Pan American Silver

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.