Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 10,844,132 shares, an increase of 171.7% from the February 15th total of 3,991,368 shares. Based on an average trading volume of 3,986,960 shares, the days-to-cover ratio is currently 2.7 days.

A number of large investors have recently added to or reduced their stakes in PAAS. BlackRock Inc. grew its position in Pan American Silver by 16.0% during the 2nd quarter. BlackRock Inc. now owns 111,758 shares of the basic materials company’s stock worth $2,000,000 after purchasing an additional 15,378 shares during the last quarter. Bank of America Corp DE grew its position in Pan American Silver by 41.3% during the 2nd quarter. Bank of America Corp DE now owns 42,007 shares of the basic materials company’s stock worth $752,000 after purchasing an additional 12,277 shares during the last quarter. Private Advisor Group LLC grew its position in Pan American Silver by 70.5% during the 3rd quarter. Private Advisor Group LLC now owns 37,743 shares of the basic materials company’s stock worth $557,000 after purchasing an additional 15,603 shares during the last quarter. JPMorgan Chase & Co. grew its position in Pan American Silver by 465.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 200,163 shares of the basic materials company’s stock worth $2,955,000 after purchasing an additional 164,783 shares during the last quarter. Finally, Swiss National Bank grew its position in Pan American Silver by 2.5% during the 3rd quarter. Swiss National Bank now owns 275,500 shares of the basic materials company’s stock worth $4,046,000 after purchasing an additional 6,600 shares during the last quarter. 50.89% of the stock is currently owned by institutional investors.

Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. BidaskClub lowered shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th. Canaccord Genuity reiterated a “buy” rating and set a $21.00 price objective on shares of Pan American Silver in a research note on Friday, February 22nd. TheStreet lowered shares of Pan American Silver from a “b-” rating to a “c” rating in a research note on Friday, February 22nd. Finally, B. Riley reiterated a “neutral” rating and set a $12.50 price objective (down previously from $22.00) on shares of Pan American Silver in a research note on Friday, March 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Pan American Silver currently has a consensus rating of “Hold” and a consensus price target of $17.28.

NASDAQ PAAS opened at $13.20 on Thursday. The company has a market cap of $2.01 billion, a P/E ratio of 33.85, a PEG ratio of 7.11 and a beta of -0.02. Pan American Silver has a 52 week low of $12.12 and a 52 week high of $18.75.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 20th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $173.40 million for the quarter, compared to the consensus estimate of $179.03 million. Pan American Silver had a return on equity of 3.76% and a net margin of 1.38%. The company’s revenue was down 23.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 EPS. On average, analysts forecast that Pan American Silver will post 0.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Monday, March 4th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, March 1st. Pan American Silver’s dividend payout ratio is presently 35.90%.

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About Pan American Silver

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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