Shares of Pan American Silver Corp. (NASDAQ:PAAS) fell 4.2% on Monday . The company traded as low as $17.01 and last traded at $17.43, with a volume of 1,805,463 shares. The stock had previously closed at $18.19.

A number of brokerages have recently weighed in on PAAS. Zacks Investment Research upgraded Pan American Silver Corp. from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, July 19th. Scotiabank upgraded Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 13th. FBR & Co increased their price target on Pan American Silver Corp. from $16.00 to $19.00 and gave the stock a “mkt perform” rating in a research report on Wednesday, July 20th. HSBC restated a “buy” rating on shares of Pan American Silver Corp. in a research report on Thursday, July 7th. Finally, Sterne Agee CRT restated a “neutral” rating on shares of Pan American Silver Corp. in a research report on Monday, May 16th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $14.44.

The stock’s 50-day moving average is $16.64 and its 200 day moving average is $12.44. The stock’s market cap is $2.65 billion.

Pan American Silver Corp. (NASDAQ:PAAS) last released its quarterly earnings results on Thursday, May 12th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08. The firm had revenue of $158.30 million for the quarter, compared to analysts’ expectations of $161.12 million. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.13) earnings per share. On average, equities analysts predict that Pan American Silver Corp. will post $0.30 earnings per share for the current year.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in 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 last quarter. Teacher Retirement System of Texas bought a new position in Pan American Silver Corp. during the fourth quarter worth $1,950,000. Bank of Montreal Can boosted its position 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. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position 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.

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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