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

Several analysts have commented on PAAS shares. Royal Bank Of Canada increased their target price on Pan American Silver Corp. from $8.00 to $12.00 in a research note on Tuesday, April 12th. Raymond James Financial Inc. increased their target price on Pan American Silver Corp. from $9.00 to $11.00 in a research note on Monday, March 14th. Zacks Investment Research upgraded Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Friday, April 22nd. HSBC reiterated a “buy” rating on shares of Pan American Silver Corp. in a research note on Thursday. Finally, Deutsche Bank AG cut Pan American Silver Corp. from a “buy” rating to a “hold” rating and set a $10.50 price target on the stock. in a report on Wednesday, March 23rd. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $13.31.

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

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

Several hedge funds have recently bought and sold shares of the stock. 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 valued at $3,187,000 after buying an additional 39,793 shares during the period. Teacher Retirement System of Texas purchased a new stake in Pan American Silver Corp. during the fourth quarter valued at $1,950,000. 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 valued at $1,975,000 after buying an additional 24,500 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 valued at $1,926,000 after buying an additional 146,866 shares during the period. Finally, 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 valued at $1,882,000 after buying an additional 6,350 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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