Pan American Silver Corp. (NASDAQ:PAAS) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.09 and last traded at $21.04, with a volume of 1,894,056 shares traded. The stock had previously closed at $20.79.

Several research analysts recently issued reports on the stock. TD Securities reiterated a “hold” rating and issued a $23.00 target price (up from $18.00) on shares of Pan American Silver Corp. in a research report on Tuesday. FBR & Co upped their target price on shares of Pan American Silver Corp. from $16.00 to $19.00 and gave the stock a “mkt perform” rating in a research report on Wednesday, July 20th. Zacks Investment Research upgraded shares of Pan American Silver Corp. from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research report on Tuesday, July 19th. Scotiabank upgraded shares of Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 13th. Finally, HSBC restated a “buy” rating on shares of Pan American Silver Corp. in a research report on Thursday, July 7th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pan American Silver Corp. currently has an average rating of “Buy” and a consensus target price of $15.39.

The company’s market capitalization is $3.24 billion. The stock has a 50-day moving average price of $18.89 and a 200-day moving average price of $14.00.

Pan American Silver Corp. (NASDAQ:PAAS) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. On average, analysts anticipate that Pan American Silver Corp. will post $0.46 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd will be issued a $0.0125 dividend. The ex-dividend date is Friday, August 19th. This represents a $0.05 dividend on an annualized basis and a yield of 0.24%.

A number of hedge funds recently made changes to their positions in PAAS. Bank of Montreal Can increased its stake in shares of 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 worth $1,926,000 after buying an additional 146,866 shares in the last quarter. 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 worth $3,415,000 after buying an additional 45,051 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of 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 worth $28,730,000 after buying an additional 2,439,275 shares in 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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