Pan American Silver Corp. (NASDAQ:PAAS)’s share price fell 1.4% during trading on Monday . The stock traded as low as $18.68 and last traded at $18.75, with a volume of 1,146,404 shares traded. The stock had previously closed at $19.02.

Several research firms recently commented on PAAS. Scotiabank upgraded Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 13th. HSBC restated a “buy” rating on shares of Pan American Silver Corp. in a research report on Thursday, July 7th. 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 downgraded Pan American Silver Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Finally, FBR & Co lifted 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. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.31.

The stock’s market capitalization is $2.90 billion. The company’s 50 day moving average is $16.18 and its 200-day moving average is $12.06.

Pan American Silver Corp. (NASDAQ:PAAS) last issued its quarterly earnings results on Thursday, May 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 prior year, the company earned ($0.13) EPS. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. Equities analysts predict that Pan American Silver Corp. will post $0.22 earnings per share for the current fiscal year.

Other large investors recently modified their holdings of the company. Bank of Montreal Can increased 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 in the last quarter. Teacher Retirement System of Texas bought a new stake 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 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 in the last quarter.

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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