Pan American Silver Corp. (PAAS) Shares Down 2.1%
Pan American Silver Corp. (NASDAQ:PAAS) fell 2.1% during trading 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 have commented on PAAS. FBR & Co set a $21.00 price objective on shares of Pan American Silver Corp. and gave the company a “hold” rating in a report on Thursday, August 18th. TD Securities reiterated a “hold” rating and set a $23.00 price target (up from $18.00) on shares of Pan American Silver Corp. in a research report on Tuesday, August 16th. BMO Capital Markets cut Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a research report on Tuesday, August 23rd. Zacks Investment Research upgraded 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 report on Tuesday, July 19th. Finally, Scotiabank upgraded Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 13th. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Pan American Silver Corp. currently has an average rating of “Hold” and an average price target of $18.00.
The company’s market cap is $2.74 billion. The firm has a 50-day moving average of $19.22 and a 200-day moving average of $14.79.
Pan American Silver Corp. (NASDAQ:PAAS) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. On average, equities analysts anticipate that Pan American Silver Corp. will post $0.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 23rd will be issued a $0.0125 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date 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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