What’s in Pan American Silver Corp (NASDAQ:PAAS) After Decline in Shorted Shares?

May 17, 2018 - By Harriett Tippett

Pan American Silver Corp. (NASDAQ:PAAS) Logo

The stock of Pan American Silver Corp (NASDAQ:PAAS) registered a decrease of 18.94% in short interest. PAAS’s total short interest was 2.27M shares in May as published by FINRA. Its down 18.94% from 2.80M shares, reported previously. With 1.20M shares average volume, it will take short sellers 2 days to cover their PAAS’s short positions. The short interest to Pan American Silver Corp’s float is 1.51%.

The stock decreased 0.11% or $0.02 during the last trading session, reaching $17.49. About 461,597 shares traded. Pan American Silver Corp. (NASDAQ:PAAS) has declined 10.15% since May 17, 2017 and is downtrending. It has underperformed by 21.70% the S&P500.

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company has market cap of $2.67 billion. The firm owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It has a 22.14 P/E ratio. It also produces and sells gold, zinc, lead, and copper.

Pan American Silver Corp. (NASDAQ:PAAS) Ratings Coverage

Among 7 analysts covering Pan American Silver (NASDAQ:PAAS), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pan American Silver had 9 analyst reports since November 21, 2017 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, November 22 by Credit Suisse. Raymond James upgraded the shares of PAAS in report on Tuesday, November 21 to “Buy” rating. The firm has “Buy” rating by Canaccord Genuity given on Sunday, January 7. As per Tuesday, April 3, the company rating was maintained by Canaccord Genuity. The stock of Pan American Silver Corp. (NASDAQ:PAAS) earned “Buy” rating by B. Riley & Co on Tuesday, February 27. Scotia Capital maintained Pan American Silver Corp. (NASDAQ:PAAS) on Monday, January 8 with “Buy” rating. On Friday, February 2 the stock rating was maintained by RBC Capital Markets with “Buy”. RBC Capital Markets maintained the shares of PAAS in report on Sunday, December 3 with “Buy” rating. The firm has “Buy” rating given on Thursday, March 15 by Deutsche Bank.

More important recent Pan American Silver Corp. (NASDAQ:PAAS) news were published by: Seekingalpha.com which released: “Pan American Silver’s (PAAS) CEO Michael Steinmann on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018, also Prnewswire.com published article titled: “Pan American Silver Announces Operations Suspended at Huaron Mine”, Prnewswire.com published: “Pan American Silver to Announce Q1 2018 Unaudited Results and Host Annual General and Special Meeting of …” on April 26, 2018. More interesting news about Pan American Silver Corp. (NASDAQ:PAAS) was released by: Investingnews.com and their article: “Markets Rise as Commodities Fall” with publication date: April 30, 2018.

Pan American Silver Corp. (NASDAQ:PAAS) Ratings Chart

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