Pan American Silver Corp. (NASDAQ:PAAS)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $17.05, but opened at $17.31. Pan American Silver Corp. shares last traded at $17.71, with a volume of 1,277,690 shares trading hands.

Several equities analysts have weighed in on PAAS shares. Raymond James Financial Inc. upgraded shares of Pan American Silver Corp. from a “market perform” rating to an “outperform” rating and raised their target price for the company from $15.00 to $18.50 in a report on Monday, June 27th. FBR & Co raised their target price on shares of Pan American Silver Corp. from $16.00 to $19.00 and gave the company a “mkt perform” rating in a report on Wednesday, July 20th. Royal Bank Of Canada raised their target price on shares of 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. Zacks Investment Research upgraded shares of Pan American Silver Corp. from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a report on Tuesday, July 19th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Pan American Silver Corp. in a report on Wednesday, June 8th. Nine research 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 stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.14.

The stock has a 50 day moving average of $18.97 and a 200-day moving average of $15.66. The company’s market cap is $2.81 billion.

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Pan American Silver Corp. (NASDAQ:PAAS) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.10. Pan American Silver Corp. had a negative net margin of 24.35% and a negative return on equity of 0.26%. Equities analysts anticipate that Pan American Silver Corp. will post $0.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd were issued a $0.0125 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Friday, August 19th. Pan American Silver Corp.’s payout ratio is -4.59%.

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of Pan American Silver Corp. by 36.9% in the first quarter. Renaissance Technologies LLC now owns 7,139,712 shares of the company’s stock worth $77,609,000 after buying an additional 1,922,912 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Pan American Silver Corp. by 9.1% in the first quarter. Geode Capital Management LLC now owns 60,163 shares of the company’s stock worth $653,000 after buying an additional 5,029 shares during the last quarter. James Investment Research Inc. acquired a new stake in shares of Pan American Silver Corp. during the second quarter worth $804,000. Oxbow Advisors LLC increased its stake in shares of Pan American Silver Corp. by 8.6% in the second quarter. Oxbow Advisors LLC now owns 15,600 shares of the company’s stock worth $257,000 after buying an additional 1,230 shares during the last quarter. Finally, AJO LP acquired a new stake in shares of Pan American Silver Corp. during the second quarter worth $8,404,000. 48.40% of the stock is owned by institutional investors.

About Pan American Silver Corp.

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.

5 Day Chart for NASDAQ:PAAS

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