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

Several research analysts have recently commented on the stock. Royal Bank Of Canada raised their target price on shares of Pan American Silver Corp. from $8.00 to $12.00 in a report on Tuesday, April 12th. HSBC reaffirmed a “buy” rating on shares of Pan American Silver Corp. in a report on Thursday, July 7th. Zacks Investment Research raised shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, April 22nd. TheStreet raised shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Monday, April 18th. Finally, Credit Suisse Group AG reaffirmed 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $14.44.

The company’s market cap is $2.96 billion. The firm has a 50 day moving average price of $17.03 and a 200-day moving average price of $12.70.

Pan American Silver Corp. (NASDAQ:PAAS) last released its earnings results on Thursday, May 12th. The company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.08. The company earned $158.30 million during the quarter, compared to analysts’ expectations of $161.12 million. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. The firm’s revenue was down 11.1% compared to the same quarter last year. Equities analysts expect that Pan American Silver Corp. will post $0.30 EPS for the current year.

An institutional investor recently raised its position in Pan American Silver Corp. stock. Dimensional Fund Advisors LP raised its position in shares of Pan American Silver Corp. (NASDAQ:PAAS) by 9.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 525,377 shares of the company’s stock after buying an additional 45,051 shares during the period. Dimensional Fund Advisors LP owned approximately 0.35% of Pan American Silver Corp. worth $3,415,000 as of its most recent filing with the SEC.

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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