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

A number of research firms recently commented on PAAS. CIBC raised Pan American Silver Corp. from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 8th. Royal Bank Of Canada boosted their price target on Pan American Silver Corp. from $8.00 to $12.00 in a report on Tuesday, April 12th. HSBC reissued a “buy” rating on shares of Pan American Silver Corp. in a report on Thursday. Credit Suisse Group AG reissued a “hold” rating on shares of Pan American Silver Corp. in a report on Wednesday, June 8th. Finally, Sterne Agee CRT reissued a “neutral” rating on shares of Pan American Silver Corp. in a report on Monday, May 16th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Pan American Silver Corp. currently has an average rating of “Hold” and an average target price of $13.31.

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

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

Other hedge funds recently bought and sold shares of the company. Wells Fargo & Company MN raised 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 valued at $1,882,000 after buying an additional 6,350 shares during the period. Bank of Montreal Can raised 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 valued at $1,926,000 after buying an additional 146,866 shares during the period. Teacher Retirement System of Texas bought a new stake in Pan American Silver Corp. during the fourth quarter valued at approximately $1,950,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised 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 valued at $1,975,000 after buying an additional 24,500 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised 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 valued at $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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