Pan American Silver Corp. (NASDAQ:PAAS)’s share price dropped 2.9% during trading on Thursday . The stock traded as low as $17.62 and last traded at $17.82, with a volume of 2,348,331 shares changing hands. The stock had previously closed at $18.36.

PAAS has been the topic of several research analyst reports. Raymond James Financial Inc. upgraded Pan American Silver Corp. from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $15.00 to $18.50 in a research report on Monday, June 27th. Deutsche Bank AG downgraded Pan American Silver Corp. from a “buy” rating to a “hold” rating and set a $10.50 price objective on the stock. in a research report on Wednesday, March 23rd. Royal Bank Of Canada boosted their price objective on Pan American Silver Corp. from $12.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday, June 13th. Zacks Investment Research upgraded Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Friday, April 22nd. Finally, FBR & Co boosted their price objective on Pan American Silver Corp. from $12.00 to $16.00 and gave the company a “market perform” rating in a research report on Monday, May 16th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.11.

The company’s market cap is $2.67 billion. The stock’s 50 day moving average price is $15.17 and its 200 day moving average price is $11.36.

Pan American Silver Corp. (NASDAQ:PAAS) last posted its earnings results on Thursday, May 12th. The company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.08. The business had revenue of $158.30 million for the quarter, compared to analyst estimates of $161.12 million. During the same quarter last year, the business earned ($0.13) earnings per share. Pan American Silver Corp.’s revenue was down 11.1% on a year-over-year basis. Analysts predict that Pan American Silver Corp. will post $0.14 EPS for the current year.

Several large investors have bought and sold shares of PAAS. Wells Fargo & Company MN boosted its stake in Pan American Silver Corp. by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 289,587 shares of the company’s stock worth $1,882,000 after buying an additional 6,350 shares during the period. Bank of Montreal Can boosted its stake in Pan American Silver Corp. by 98.3% in the fourth quarter. Bank of Montreal Can now owns 296,295 shares of the company’s stock worth $1,926,000 after buying an additional 146,866 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Pan American Silver Corp. by 12.6% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 219,200 shares of the company’s stock worth $1,975,000 after buying an additional 24,500 shares during the period. Teacher Retirement System of Texas acquired a new stake in Pan American Silver Corp. during the fourth quarter worth approximately $1,950,000. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Pan American Silver Corp. by 8.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 490,372 shares of the company’s stock worth $3,187,000 after buying an additional 39,793 shares during the period.

Pan American Silver Corp. (Pan American) is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia.

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