Shares of Pan American Silver Corp. (NASDAQ:PAAS) hit a new 52-week high on Friday . The stock traded as high as $19.63 and last traded at $19.54, with a volume of 1,819,370 shares. The stock had previously closed at $18.78.

Several analysts have weighed in on PAAS shares. Raymond James Financial Inc. raised shares of Pan American Silver Corp. from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $15.00 to $18.50 in a research note on Monday, June 27th. FBR & Co upped their price objective 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. Royal Bank Of Canada upped their price objective on shares of Pan American Silver Corp. from $12.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Monday, June 13th. Zacks Investment Research raised shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Friday, April 22nd. Finally, BMO Capital Markets raised shares of Pan American Silver Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $14.44.

The firm’s market cap is $2.96 billion. The firm’s 50-day moving average is $16.91 and its 200 day moving average is $12.61.

Pan American Silver Corp. (NASDAQ:PAAS) last issued its quarterly earnings data 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 business earned $158.30 million during the quarter, compared to analyst estimates of $161.12 million. During the same quarter last year, the firm earned ($0.13) EPS. Pan American Silver Corp.’s revenue for the quarter was down 11.1% compared to the same quarter last year. Equities research analysts predict that Pan American Silver Corp. will post $0.30 EPS for the current fiscal year.

A hedge fund recently raised its stake in Pan American Silver Corp. stock. Bank of Montreal Can raised its stake in Pan American Silver Corp. (NASDAQ:PAAS) by 98.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 296,295 shares of the company’s stock after buying an additional 146,866 shares during the period. Bank of Montreal Can owned about 0.20% of Pan American Silver Corp. worth $1,926,000 at the end of the most recent 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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