Pan American Silver Corp. (NASDAQ:PAAS)’s share price rose 3.4% during trading on Wednesday . The stock traded as high as $18.64 and last traded at $18.62, with a volume of 1,886,307 shares. The stock had previously closed at $18.01.

Several equities research analysts recently weighed in on PAAS shares. Zacks Investment Research raised shares of Pan American Silver Corp. from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, July 19th. Raymond James Financial Inc. raised shares of Pan American Silver Corp. from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $15.00 to $18.50 in a research note on Monday, June 27th. HSBC reaffirmed a “buy” rating on shares of Pan American Silver Corp. in a research note on Thursday, July 7th. FBR & Co upped their target price on shares of Pan American Silver Corp. from $16.00 to $19.00 and gave the stock a “mkt perform” rating in a research note on Wednesday, July 20th. Finally, Scotiabank raised shares of Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 13th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $14.44.

The company’s market capitalization is $2.83 billion. The stock’s 50-day moving average is $16.82 and its 200 day moving average is $12.56.

Pan American Silver Corp. (NASDAQ:PAAS) last released its earnings results on Thursday, May 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.08. The company earned $158.30 million during the quarter, compared to analyst estimates of $161.12 million. During the same period in the prior year, the business posted ($0.13) earnings per share. Pan American Silver Corp.’s revenue was down 11.1% on a year-over-year basis. On average, equities analysts expect that Pan American Silver Corp. will post $0.30 earnings per share for the current year.

Other hedge funds and institutional investors have made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position 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 position 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. Teacher Retirement System of Texas acquired a new position in shares of Pan American Silver Corp. during the fourth quarter worth $1,950,000. Finally, Dimensional Fund Advisors LP boosted 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.