Pan American Silver Corp. (PAAS) Shares Down 3.5%
Pan American Silver Corp. (NASDAQ:PAAS) was down 3.5% during trading on Tuesday . The company traded as low as $19.46 and last traded at $19.82, with a volume of 2,902,710 shares. The stock had previously closed at $20.53.
A number of equities research analysts have recently commented on PAAS shares. Sterne Agee CRT reiterated a “neutral” rating on shares of Pan American Silver Corp. in a report on Monday, May 16th. Raymond James Financial Inc. upgraded shares of Pan American Silver Corp. from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $15.00 to $18.50 in a report on Monday, June 27th. Royal Bank Of Canada lifted their price target on shares of Pan American Silver Corp. from $12.00 to $15.00 and gave the stock a “sector perform” rating in a report on Monday, June 13th. BMO Capital Markets upgraded shares of Pan American Silver Corp. from a “market perform” rating to an “outperform” rating in a report on Thursday, May 12th. Finally, 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 report on Tuesday, July 19th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.11.
The firm’s 50-day moving average price is $19.27 and its 200 day moving average price is $14.46. The firm’s market cap is $2.72 billion.
Pan American Silver Corp. (NASDAQ:PAAS) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.10. Equities analysts predict that Pan American Silver Corp. will post $0.47 EPS for the current 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 issued a $0.0125 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Friday, August 19th.
A hedge fund recently raised its stake in Pan American Silver Corp. stock. Dimensional Fund Advisors LP raised its position in shares of 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 approximately 0.35% of Pan American Silver Corp. worth $3,415,000 as of its most recent filing with the SEC.
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.