Shares of Pan American Silver Corp. (NASDAQ:PAAS) fell 3.5% during mid-day trading on Tuesday . The stock traded as low as $19.46 and last traded at $19.82, with a volume of 2,902,710 shares changing hands. The stock had previously closed at $20.53.

Several brokerages have issued reports on PAAS. Royal Bank Of Canada increased their target price on 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. TD Securities reiterated a “hold” rating and set a $23.00 price objective (up previously from $18.00) on shares of Pan American Silver Corp. in a report on Tuesday, August 16th. Sterne Agee CRT reiterated a “neutral” rating on shares of Pan American Silver Corp. in a report on Monday, May 16th. BMO Capital Markets lowered Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $24.00 price objective for the company. in a report on Tuesday. Finally, Zacks Investment Research lowered Pan American Silver Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $17.11.

The stock’s market capitalization is $2.98 billion. The stock has a 50-day moving average price of $19.25 and a 200 day moving average price of $14.35.

Pan American Silver Corp. (NASDAQ:PAAS) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.10. Equities research analysts forecast that Pan American Silver Corp. will post $0.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd will be paid 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 0.26%.

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 Form 13F filing with the Securities and Exchange Commission. 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 about 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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