Pan American Silver Corp. (PAAS) Sees Strong Trading Volume
Pan American Silver Corp. (NASDAQ:PAAS) saw unusually-high trading volume on Wednesday . Approximately 2,311,292 shares were traded during trading, a decline of 8% from the previous session’s volume of 2,512,000 shares.The stock last traded at $18.49 and had previously closed at $19.56.
PAAS has been the topic of a number of recent analyst reports. Zacks Investment Research raised Pan American Silver Corp. from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, July 19th. HSBC reaffirmed a “buy” rating on shares of Pan American Silver Corp. in a research report on Thursday, July 7th. Raymond James Financial Inc. raised Pan American Silver Corp. from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $15.00 to $18.50 in a research report on Monday, June 27th. FBR & Co increased their target price on Pan American Silver Corp. from $16.00 to $19.00 and gave the stock a “mkt perform” rating in a research report on Wednesday, July 20th. Finally, Scotiabank raised Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 13th. Nine investment 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. The company presently has a consensus rating of “Hold” and an average target price of $17.11.
The company has a 50-day moving average of $19.26 and a 200 day moving average of $14.48. The company’s market cap is $2.82 billion.
Pan American Silver Corp. (NASDAQ:PAAS) last issued its earnings results on Thursday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. Equities analysts forecast that Pan American Silver Corp. will post $0.47 EPS for the current fiscal 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 dividend of $0.0125 per share. This represents a $0.05 dividend on an annualized basis and a dividend 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. Bank of Montreal Can raised its stake in shares of Pan American Silver Corp. (NASDAQ:PAAS) by 98.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,295 shares of the company’s stock after buying an additional 146,866 shares during the period. Bank of Montreal Can owned about 0.20% of Pan American Silver Corp. worth $1,926,000 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.
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