Pan American Silver Corp. (NASDAQ:PAAS) shares were up 4.7% on Wednesday . The company traded as high as $19.07 and last traded at $19.00, with a volume of 1,536,736 shares changing hands. The stock had previously closed at $18.14.

Several research analysts have commented on PAAS shares. Royal Bank Of Canada raised their price target on shares of Pan American Silver Corp. from $8.00 to $12.00 in a report on Tuesday, April 12th. Zacks Investment Research raised shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Friday, April 22nd. HSBC reissued a “buy” rating on shares of Pan American Silver Corp. in a report on Thursday, July 7th. Deutsche Bank AG downgraded shares of Pan American Silver Corp. from a “buy” rating to a “hold” rating and set a $10.50 price target for the company. in a report on Wednesday, March 23rd. Finally, TheStreet raised shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Monday, April 18th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.31.

The company has a 50-day moving average price of $15.88 and a 200 day moving average price of $11.80. The firm’s market cap is $2.92 billion.

Pan American Silver Corp. (NASDAQ:PAAS) last announced 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 analysts’ expectations of $161.12 million. During the same period in the prior year, the company posted ($0.13) earnings per share. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. On average, equities analysts forecast that Pan American Silver Corp. will post $0.19 earnings per share for the current year.

A number of hedge funds have made changes to their positions in the stock. Teacher Retirement System of Texas acquired a new stake in shares of Pan American Silver Corp. during the fourth quarter worth approximately $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 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. Bank of Montreal Can boosted its stake 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. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Pan American Silver Corp. by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 525,377 shares of the company’s stock worth $3,415,000 after buying an additional 45,051 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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