Pan American Silver Corp. (PAAS) Trading 3.7% Higher
Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded up 3.7% on Thursday . The company traded as high as $21.59 and last traded at $21.50, with a volume of 2,159,862 shares. The stock had previously closed at $20.74.
A number of analysts recently weighed in on the stock. FBR & Co raised their target price on shares of Pan American Silver Corp. from $12.00 to $16.00 and gave the stock a “market perform” rating in a report on Monday, May 16th. HSBC restated a “buy” rating on shares of Pan American Silver Corp. in a report on Thursday, July 7th. TD Securities restated a “hold” rating and set a $23.00 target price (up from $18.00) on shares of Pan American Silver Corp. in a report on Tuesday. Zacks Investment Research cut shares of Pan American Silver Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Pan American Silver Corp. in a report on Wednesday, June 8th. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $15.61.
The company’s market capitalization is $3.16 billion. The stock has a 50 day moving average price of $19.16 and a 200-day moving average price of $14.15.
Pan American Silver Corp. (NASDAQ:PAAS) last announced its earnings results on Thursday, August 11th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.10. Analysts expect that Pan American Silver Corp. will post $0.47 earnings per share for the current 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 paid a $0.0125 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.24%. 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 increased its position in Pan American Silver Corp. (NASDAQ:PAAS) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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.