Pan American Silver Corp. (PAAS) Sees Large Volume Increase
Pan American Silver Corp. (NASDAQ:PAAS) saw unusually-strong trading volume on Wednesday . Approximately 2,311,292 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 2,512,000 shares.The stock last traded at $18.49 and had previously closed at $19.56.
A number of equities analysts have recently issued reports on PAAS shares. HSBC reiterated a “buy” rating on shares of Pan American Silver Corp. in a report on Thursday, July 7th. FBR & Co set a $21.00 price target on shares of Pan American Silver Corp. and gave the company a “hold” rating in a report on Thursday, August 18th. TD Securities reiterated a “hold” rating and issued a $23.00 price target (up previously from $18.00) on shares of Pan American Silver Corp. in a report on Tuesday, August 16th. Credit Suisse Group AG reiterated a “hold” rating on shares of Pan American Silver Corp. in a report on Wednesday, June 8th. Finally, Zacks Investment Research downgraded shares of Pan American Silver Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.11.
The stock has a 50 day moving average of $19.27 and a 200-day moving average of $14.46. The stock’s market cap is $2.72 billion.
Pan American Silver Corp. (NASDAQ:PAAS) last announced its earnings results on Thursday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. Equities analysts predict that Pan American Silver Corp. will post $0.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd will be given a dividend of $0.0125 per share. The ex-dividend date is Friday, August 19th. This represents a $0.05 dividend on an annualized basis and a yield of 0.28%.
A hedge fund recently raised its stake in Pan American Silver Corp. stock. Dimensional Fund Advisors LP raised its position 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 (SEC). The fund 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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