Pan American Silver Corp. (PAAS) Hits New 12-Month High at $20.47
Pan American Silver Corp. (NASDAQ:PAAS) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.47 and last traded at $19.95, with a volume of 2,189,896 shares traded. The stock had previously closed at $19.68.
Several research analysts recently issued reports on the company. FBR & Co raised their target price on Pan American Silver Corp. from $12.00 to $16.00 and gave the stock a “market perform” rating in a research report on Monday, May 16th. HSBC reaffirmed a “buy” rating on shares of Pan American Silver Corp. in a research report on Thursday, July 7th. Zacks Investment Research lowered Pan American Silver Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Credit Suisse Group AG reissued a “hold” rating on shares of Pan American Silver Corp. in a research report on Wednesday, June 8th. Finally, Scotiabank raised Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 13th. 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 has a consensus rating of “Buy” and a consensus target price of $14.44.
The company’s 50 day moving average is $17.94 and its 200 day moving average is $13.44. The stock’s market capitalization is $3.03 billion.
An institutional investor recently raised its position in Pan American Silver Corp. stock. Dimensional Fund Advisors LP raised its stake in shares of Pan American Silver Corp. (NASDAQ:PAAS) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 approximately 0.35% of Pan American Silver Corp. worth $3,415,000 as of its most recent SEC filing.
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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