Pan American Silver Corp. (PAAS) Trading Down 2.1%
Pan American Silver Corp. (NASDAQ:PAAS)’s share price fell 2.1% on Tuesday . The stock traded as low as $17.83 and last traded at $17.92, with a volume of 1,241,228 shares changing hands. The stock had previously closed at $18.31.
Several research firms recently commented on PAAS. FBR & Co increased their price objective on Pan American Silver Corp. from $12.00 to $16.00 and gave the company a “market perform” rating in a research report on Monday, May 16th. BMO Capital Markets cut Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, August 23rd. HSBC reaffirmed a “buy” rating on shares of Pan American Silver Corp. in a research report on Thursday, July 7th. Zacks Investment Research cut Pan American Silver Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Finally, TD Securities reaffirmed a “hold” rating and set a $23.00 price objective (up from $18.00) on shares of Pan American Silver Corp. in a research report on Tuesday, August 16th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pan American Silver Corp. currently has a consensus rating of “Hold” and a consensus target price of $17.11.
The company’s market cap is $2.68 billion. The firm’s 50-day moving average price is $19.24 and its 200-day moving average price is $14.77.
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 the Thomson Reuters’ consensus estimate of $0.03 by $0.10. Equities analysts predict that Pan American Silver Corp. will post $0.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 23rd will be given a $0.0125 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Friday, August 19th.
An institutional investor recently raised its position in Pan American Silver Corp. stock. Dimensional Fund Advisors LP increased 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 (SEC). 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 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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