TD Securities reissued their hold rating on shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAA) in a research report released on Saturday morning. The brokerage currently has a $19.00 price objective on the stock, up from their previous price objective of $18.50.

Several other brokerages have also commented on PAAS. Deutsche Bank AG upgraded shares of Pan American Silver Corp. from a hold rating to a buy rating and increased their price target for the stock from $14.50 to $20.00 in a research note on Monday, October 3rd. Zacks Investment Research lowered shares of Pan American Silver Corp. from a buy rating to a hold rating in a research note on Thursday, November 3rd. FBR & Co set a $21.00 price target on shares of Pan American Silver Corp. and gave the stock a hold rating in a research note on Thursday, August 18th. Canaccord Genuity initiated coverage on shares of Pan American Silver Corp. in a report on Tuesday, October 25th. They set a hold rating and a $17.50 price objective for the company. Finally, BMO Capital Markets downgraded shares of Pan American Silver Corp. from an outperform rating to a market perform rating and set a $24.00 price objective for the company. in a report on Tuesday, August 23rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Pan American Silver Corp. currently has a consensus rating of Buy and an average price target of $19.63.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) opened at 16.25 on Friday. The company’s market cap is $2.47 billion. Pan American Silver Corp. has a 12 month low of $5.38 and a 12 month high of $21.59. The company’s 50 day moving average is $16.13 and its 200-day moving average is $16.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Friday, November 25th will be issued a dividend of $0.0125 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Tuesday, November 22nd. Pan American Silver Corp.’s payout ratio is -13.51%.

Several institutional investors have recently added to or reduced their stakes in PAAS. WFG Advisors LP acquired a new position in Pan American Silver Corp. during the second quarter worth approximately $109,000. Tower Research Capital LLC TRC increased its position in Pan American Silver Corp. by 2,202.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,576 shares of the company’s stock worth $125,000 after buying an additional 7,247 shares during the last quarter. Creative Planning increased its position in Pan American Silver Corp. by 275.2% in the second quarter. Creative Planning now owns 9,381 shares of the company’s stock worth $154,000 after buying an additional 6,881 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Pan American Silver Corp. by 22.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,900 shares of the company’s stock worth $162,000 after buying an additional 1,804 shares during the last quarter. Finally, World Asset Management Inc acquired a new position in Pan American Silver Corp. during the third quarter worth approximately $180,000. 48.46% 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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