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Pan American Silver Corp (NASDAQ:PAAS) was downgraded by equities researchers at Goldman Sachs from a “neutral” rating to a “sell” rating in a research report issued on Tuesday, reports. They currently have a $10.00 price target on the stock, down from their previous price target of $15.22. Goldman Sachs’ target price would indicate a potential downside of 32.07% from the stock’s previous close.

Shares of Pan American Silver Corp (NASDAQ:PAAS) traded down 3.29% during mid-day trading on Tuesday, hitting $14.72. 2,940,798 shares of the company’s stock traded hands. Pan American Silver Corp has a 52-week low of $9.78 and a 52-week high of $17.19. The stock has a 50-day moving average of $13.09 and a 200-day moving average of $11.68. The company’s market cap is $2.229 billion.

Pan American Silver Corp (NASDAQ:PAAS) last released its earnings data on Thursday, February 20th. The company reported ($1.94) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $2.01. The company had revenue of $192.40 million for the quarter, compared to the consensus estimate of $196.48 million. Analysts expect that Pan American Silver Corp will post $0.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, February 27th.

Several other analysts have also recently commented on the stock. Analysts at TD Securities upgraded shares of Pan American Silver Corp from a “hold” rating to a “buy” rating in a research note on Friday. Separately, analysts at BMO Capital Markets upgraded shares of Pan American Silver Corp from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 19th. They now have a $15.00 price target on the stock, up previously from $10.00. Finally, analysts at TheStreet upgraded shares of Pan American Silver Corp from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $12.64.

Pan American Silver Corp. (NASDAQ:PAAS), engaged in the operation and development of, and exploration for, silver producing properties and assets.

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