Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) saw a significant decrease in short interest in the month of September. As of September 29th, there was short interest totalling 1,237,452 shares, a decrease of 33.8% from the September 15th total of 1,869,297 shares. Based on an average daily trading volume, of 1,226,805 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.8% of the company’s shares are short sold.

Several large investors have recently added to or reduced their stakes in PAAS. SG Americas Securities LLC purchased a new stake in shares of Pan American Silver Corp. in the 1st quarter worth about $164,000. Alliancebernstein L.P. purchased a new stake in shares of Pan American Silver Corp. in the 2nd quarter worth about $170,000. Sigma Planning Corp purchased a new stake in shares of Pan American Silver Corp. in the 2nd quarter worth about $181,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Pan American Silver Corp. in the 2nd quarter worth about $189,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Pan American Silver Corp. by 1,091.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock worth $189,000 after buying an additional 7,934 shares during the period. 53.88% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Corp. (PAAS) opened at 17.20 on Friday. The firm has a 50 day moving average of $17.80 and a 200-day moving average of $17.27. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 21.99 and a beta of 0.14. Pan American Silver Corp. has a 1-year low of $13.80 and a 1-year high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. The firm had revenue of $201.30 million for the quarter, compared to the consensus estimate of $184.96 million. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. On average, equities research analysts anticipate that Pan American Silver Corp. will post $0.55 earnings per share for the current fiscal year.

Several research firms have recently weighed in on PAAS. BidaskClub cut shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Canaccord Genuity restated a “buy” rating and issued a $23.00 price target on shares of Pan American Silver Corp. in a report on Friday, October 6th. Royal Bank Of Canada set a $22.00 price target on shares of Pan American Silver Corp. and gave the stock a “buy” rating in a report on Thursday, August 10th. TheStreet cut shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a report on Friday, July 28th. Finally, BMO Capital Markets restated a “hold” rating and issued a $17.50 price target on shares of Pan American Silver Corp. in a report on Wednesday, September 20th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Pan American Silver Corp. presently has an average rating of “Hold” and a consensus target price of $21.56.

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Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

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