Pan American Silver Corp. (NASDAQ:PAAS) was down 1.5% during mid-day trading on Wednesday . The company traded as low as $19.39 and last traded at $19.67, with a volume of 1,183,416 shares changing hands. The stock had previously closed at $19.96.

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

The company’s market cap is $2.91 billion. The stock has a 50-day moving average of $17.56 and a 200-day moving average of $13.09.

Pan American Silver Corp. (NASDAQ:PAAS) last posted its quarterly earnings results on Thursday, May 12th. The company reported $0.02 EPS for the quarter, beating the 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. Pan American Silver Corp.’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.13) EPS. Analysts forecast that Pan American Silver Corp. will post $0.32 earnings per share for the current year.

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

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