Shares of Pan American Silver Corp. (NASDAQ:PAAS) reached a new 52-week high during trading on Friday . The company traded as high as $18.42 and last traded at $18.36, with a volume of 3,482,119 shares changing hands. The stock had previously closed at $17.57.

A number of analysts have recently commented on the company. 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. Raymond James Financial Inc. boosted their price objective on Pan American Silver Corp. from $9.00 to $11.00 in a research report on Monday, March 14th. Sterne Agee CRT restated a “neutral” rating on shares of Pan American Silver Corp. in a research report on Monday, May 16th. Zacks Investment Research cut Pan American Silver Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Finally, CIBC upgraded Pan American Silver Corp. from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 8th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $13.31.

The firm has a 50-day moving average price of $15.37 and a 200-day moving average price of $11.49. The company’s market cap is $2.79 billion.

Pan American Silver Corp. (NASDAQ:PAAS) last posted its quarterly earnings data on Thursday, May 12th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. The company had revenue of $158.30 million for the quarter, compared to analyst estimates of $161.12 million. During the same period in the previous year, the business posted ($0.13) earnings per share. The firm’s revenue was down 11.1% compared to the same quarter last year. On average, equities research analysts forecast that Pan American Silver Corp. will post $0.14 EPS for the current fiscal year.

Several institutional investors have modified their holdings of PAAS. Wells Fargo & Company MN increased its position in shares of 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 increased its position in shares of 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. Teacher Retirement System of Texas acquired a new position in shares of Pan American Silver Corp. during the fourth quarter worth about $1,950,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of 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. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of 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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