Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAA) was upgraded by Bank of America Corp. from an “underperform” rating to a “buy” rating in a research note issued on Tuesday.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets lowered shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $24.00 target price on the stock. in a report on Tuesday, August 23rd. TD Securities reiterated a “hold” rating and set a $19.00 target price (up from $18.50) on shares of Pan American Silver Corp. in a report on Saturday. FBR & Co set a $21.00 target price on shares of Pan American Silver Corp. and gave the stock a “hold” rating in a report on Thursday, August 18th. Canaccord Genuity upgraded shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, November 15th. Finally, Zacks Investment Research upgraded shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Friday, November 4th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Pan American Silver Corp. has an average rating of “Buy” and an average price target of $19.63.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

Pan American Silver Corp. (NASDAQ:PAAS) traded up 1.441% during midday trading on Tuesday, hitting $17.141. 320,777 shares of the stock traded hands. Pan American Silver Corp. has a one year low of $5.38 and a one year high of $21.59. The stock’s market cap is $2.61 billion. The company has a 50-day moving average price of $16.11 and a 200 day moving average price of $16.99.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Friday, November 25th will be paid a dividend of $0.0125 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Tuesday, November 22nd. Pan American Silver Corp.’s dividend payout ratio is currently -13.51%.

Hedge funds have recently modified their holdings of the company. WFG Advisors LP acquired a new stake in shares of Pan American Silver Corp. during the second quarter worth $109,000. Tower Research Capital LLC TRC boosted its stake in shares of 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 in the last quarter. PineBridge Investments L.P. boosted its stake in shares of Pan American Silver Corp. by 68.1% in the second quarter. PineBridge Investments L.P. now owns 8,641 shares of the company’s stock worth $184,000 after buying an additional 3,502 shares in the last quarter. Creative Planning boosted its stake in shares of 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 48.87% of the company’s stock.

Pan American Silver Corp. Company Profile

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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