Shares of Pan American Silver Corp. (NASDAQ:PAAS) were down 2.6% on Wednesday . The stock traded as low as $20.18 and last traded at $20.41, with a volume of 1,413,709 shares trading hands. The stock had previously closed at $20.96.

A number of equities analysts have commented on PAAS shares. Raymond James Financial Inc. upgraded shares of Pan American Silver Corp. from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $15.00 to $18.50 in a research report on Monday, June 27th. FBR & Co boosted their price target on shares of Pan American Silver Corp. from $16.00 to $19.00 and gave the company a “mkt perform” rating in a research report on Wednesday, July 20th. Royal Bank Of Canada boosted their price target on shares of Pan American Silver Corp. from $12.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday, June 13th. Zacks Investment Research upgraded shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, April 22nd. Finally, BMO Capital Markets upgraded shares of Pan American Silver Corp. from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 12th. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $15.61.

The firm’s market capitalization is $3.18 billion. The firm has a 50 day moving average price of $19.04 and a 200-day moving average price of $14.06.

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

The company also recently announced 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. This represents a $0.05 annualized dividend and a yield of 0.23%. The ex-dividend date is Friday, August 19th.

A number of institutional investors have recently added to or reduced their stakes in the stock. 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 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in 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.

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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