Pan American Silver Corp. (PAAS) Shares Up 3.6%
Shares of Pan American Silver Corp. (NASDAQ:PAAS) shot up 3.6% during trading on Thursday . The company traded as high as $18.15 and last traded at $18.04, with a volume of 1,908,037 shares traded. The stock had previously closed at $17.41.
A number of brokerages have recently commented on PAAS. FBR & Co set a $21.00 price objective on shares of Pan American Silver Corp. and gave the stock a “hold” rating in a research report on Thursday, August 18th. TD Securities reissued a “hold” rating and issued a $23.00 price objective (up previously from $18.00) on shares of Pan American Silver Corp. in a research report on Tuesday, August 16th. BMO Capital Markets lowered shares of 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. Zacks Investment Research raised shares of Pan American Silver Corp. from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research report on Tuesday, July 19th. Finally, Scotiabank raised shares of Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 13th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Pan American Silver Corp. has a consensus rating of “Hold” and a consensus target price of $18.00.
The company’s market cap is $2.75 billion. The company’s 50-day moving average is $19.22 and its 200-day moving average is $14.79.
Pan American Silver Corp. (NASDAQ:PAAS) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.03 by $0.10. Analysts predict that Pan American Silver Corp. will post $0.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 23rd will be given a dividend of $0.0125 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, August 19th.
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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