Shares of Pan American Silver Corp. (NASDAQ:PAAS) fell 1.4% during mid-day 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. The stock had previously closed at $19.02.

Several brokerages recently issued reports 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. Scotiabank raised Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 13th. Royal Bank Of Canada raised 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, July 7th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Pan American Silver Corp. in a report on Wednesday, June 8th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $14.44.

The stock’s market cap is $2.84 billion. The stock’s 50-day moving average is $16.25 and its 200 day moving average is $12.11.

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, beating the consensus estimate of ($0.06) by $0.08. The firm had revenue of $158.30 million for the quarter, compared to the consensus estimate of $161.12 million. The company’s revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. On average, equities analysts predict that Pan American Silver Corp. will post $0.22 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position 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 valued at $3,415,000 after buying an additional 45,051 shares in the last quarter. Bank of Montreal Can increased 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 worth $1,926,000 after buying an additional 146,866 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased 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 worth $1,975,000 after buying an additional 24,500 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Pan American Silver Corp. during the fourth quarter worth $1,950,000.

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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