Pan American Silver Corp. (PAAS) Sets New 12-Month High at $21.09
Shares of Pan American Silver Corp. (NASDAQ:PAAS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.09 and last traded at $21.04, with a volume of 1,894,056 shares. The stock had previously closed at $20.79.
A number of analysts recently issued reports on the company. TD Securities reissued a “hold” rating and set a $23.00 price objective (up from $18.00) on shares of Pan American Silver Corp. in a research report on Tuesday. Royal Bank Of Canada raised their price objective on Pan American Silver Corp. from $12.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Monday, June 13th. Sterne Agee CRT reissued a “neutral” rating on shares of Pan American Silver Corp. in a research report on Monday, May 16th. Zacks Investment Research downgraded Pan American Silver Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Finally, FBR & Co raised their price objective 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. Seven 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’s stock. Pan American Silver Corp. presently has an average rating of “Buy” and a consensus target price of $15.39.
The company’s market capitalization is $3.19 billion. The stock’s 50-day moving average is $18.72 and its 200 day moving average is $13.95.
Pan American Silver Corp. (NASDAQ:PAAS) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.10. On average, equities analysts expect that Pan American Silver Corp. will post $0.41 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 23rd will be given a $0.0125 dividend. The ex-dividend date of this dividend is Friday, August 19th. This represents a $0.05 annualized dividend and a dividend yield of 0.24%.
Several hedge funds recently modified their holdings of PAAS. Dimensional Fund Advisors LP increased its stake 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 valued at $3,415,000 after buying an additional 45,051 shares in the last quarter. Bank of Montreal Can raised its position in 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 valued at $1,926,000 after buying an additional 146,866 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Pan American Silver Corp. by 122.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,429,357 shares of the company’s stock valued at $28,730,000 after buying an additional 2,439,275 shares during the last 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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