Pan American Silver Corp. (PAAS) Reaches New 52-Week High at $20.47
Pan American Silver Corp. (NASDAQ:PAAS)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $20.47 and last traded at $19.95, with a volume of 2,189,896 shares. The stock had previously closed at $19.68.
PAAS has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Friday, April 22nd. HSBC reissued a “buy” rating on shares of Pan American Silver Corp. in a research report on Thursday, July 7th. Credit Suisse Group AG reissued a “hold” rating on shares of Pan American Silver Corp. in a research report on Wednesday, June 8th. TheStreet raised shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 18th. Finally, FBR & Co boosted their price objective on shares of 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. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Pan American Silver Corp. presently has an average rating of “Buy” and a consensus price target of $14.44.
The company’s 50 day moving average is $18.24 and its 200-day moving average is $13.54. The firm’s market capitalization is $3.18 billion.
Pan American Silver Corp. (NASDAQ:PAAS) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.10. Equities research analysts expect that Pan American Silver Corp. will post $0.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Investors 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 yield of 0.25%.
An institutional investor recently raised its position in Pan American Silver Corp. stock. Dimensional Fund Advisors LP boosted its stake in Pan American Silver Corp. (NASDAQ:PAAS) by 9.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 525,377 shares of the company’s stock after buying an additional 45,051 shares during the period. Dimensional Fund Advisors LP owned 0.35% of Pan American Silver Corp. worth $3,415,000 as of its most recent SEC filing.
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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