Pan American Silver Corp. (PAAS) Trading 3.6% Higher
Pan American Silver Corp. (NASDAQ:PAAS) traded up 3.6% during trading on Thursday . The stock traded as high as $18.15 and last traded at $18.04, with a volume of 1,908,037 shares changing hands. The stock had previously closed at $17.41.
Several equities research analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on Pan American Silver Corp. from $12.00 to $15.00 and gave the company a “sector perform” rating in a report on Monday, June 13th. TD Securities reiterated a “hold” rating and set a $23.00 price target (up previously from $18.00) on shares of Pan American Silver Corp. in a report on Tuesday, August 16th. Sterne Agee CRT reiterated a “neutral” rating on shares of Pan American Silver Corp. in a report on Monday, May 16th. Zacks Investment Research downgraded Pan American Silver Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. Finally, FBR & Co upped their price target on 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. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Pan American Silver Corp. currently has a consensus rating of “Hold” and an average target price of $19.14.
The firm has a 50 day moving average of $19.20 and a 200 day moving average of $14.82. The company’s market cap is $2.87 billion.
Pan American Silver Corp. (NASDAQ:PAAS) last posted its earnings results on Thursday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.10. Equities analysts predict that Pan American Silver Corp. will post $0.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 23rd will be paid a dividend of $0.0125 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.27%. 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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