Pan American Silver Corp. (NYSE:PAAS) Short Interest Down 29.2% in November

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 7,470,000 shares, a decline of 29.2% from the November 15th total of 10,550,000 shares. Based on an average daily volume of 3,660,000 shares, the short-interest ratio is presently 2.0 days.

Pan American Silver Stock Down 2.1 %

Shares of NYSE:PAAS traded down $0.48 during trading on Friday, hitting $22.20. The company’s stock had a trading volume of 2,643,159 shares, compared to its average volume of 4,013,465. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $26.05. The stock’s 50-day moving average price is $22.77 and its two-hundred day moving average price is $21.59. The company has a market capitalization of $8.06 billion, a PE ratio of -130.58 and a beta of 1.28.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.80%. Pan American Silver’s payout ratio is -235.28%.

Hedge Funds Weigh In On Pan American Silver

A number of hedge funds have recently added to or reduced their stakes in the business. Eastern Bank acquired a new position in shares of Pan American Silver during the third quarter valued at $28,000. Wilmington Savings Fund Society FSB acquired a new position in Pan American Silver during the 3rd quarter valued at about $32,000. Mark Sheptoff Financial Planning LLC grew 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 last quarter. CWM LLC increased its stake in shares of Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 510 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Pan American Silver by 13.4% during the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after buying an additional 660 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PAAS shares. Royal Bank of Canada upped their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Finally, Jefferies Financial Group increased their price objective on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pan American Silver presently has an average rating of “Moderate Buy” and an average target price of $25.42.

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.