Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 6,260,000 shares, a drop of 19.7% from the January 15th total of 7,800,000 shares. Based on an average daily volume of 3,130,000 shares, the short-interest ratio is presently 2.0 days.
Several large investors have recently bought and sold shares of PAAS. Signaturefd LLC lifted its stake in shares of Pan American Silver by 6.0% during the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock worth $160,000 after purchasing an additional 451 shares during the period. US Bancorp DE lifted its position in Pan American Silver by 9.6% during the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after buying an additional 539 shares during the period. Jones Financial Companies Lllp boosted its stake in Pan American Silver by 23.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after buying an additional 549 shares during the last quarter. Principal Securities Inc. grew its holdings in Pan American Silver by 12.5% in the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock valued at $121,000 after buying an additional 664 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in shares of Pan American Silver by 2.4% during the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock valued at $611,000 after acquiring an additional 715 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.
PAAS has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.92.
View Our Latest Report on PAAS
Shares of PAAS traded down $0.65 on Friday, reaching $24.43. The stock had a trading volume of 3,909,858 shares, compared to its average volume of 2,849,540. Pan American Silver has a twelve month low of $12.19 and a twelve month high of $26.05. The firm has a market capitalization of $8.87 billion, a PE ratio of -143.67 and a beta of 1.28. The firm has a 50-day moving average of $22.19 and a 200 day moving average of $21.83. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Before you consider Pan American Silver, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pan American Silver wasn't on the list.
While Pan American Silver currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.