Shares of Pan American Silver Corp. (NASDAQ:PAAS) dropped 2.6% during trading on Friday . The company traded as low as $16.92 and last traded at $16.95, with a volume of 1,457,945 shares changing hands. The stock had previously closed at $17.40.

PAAS has been the topic of a number of research analyst reports. HSBC reaffirmed a “buy” rating on shares of Pan American Silver Corp. in a research report on Thursday, July 7th. Credit Suisse Group AG reissued a “hold” rating on shares of Pan American Silver Corp. in a research report on Wednesday, June 8th. FBR & Co set a $21.00 price objective on shares of Pan American Silver Corp. and gave the stock a “hold” rating in a research report on Thursday, August 18th. TD Securities reissued a “hold” rating and set a $23.00 price objective (up previously from $18.00) on shares of Pan American Silver Corp. in a research report on Tuesday, August 16th. Finally, BMO Capital Markets cut shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, August 23rd. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Pan American Silver Corp. presently has a consensus rating of “Hold” and an average target price of $19.14.

The company’s 50 day moving average is $19.27 and its 200-day moving average is $15.37. The stock’s market capitalization is $2.58 billion.

Pan American Silver Corp. (NASDAQ:PAAS) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 research analysts forecast that Pan American Silver Corp. will post $0.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd were given a $0.0125 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Friday, August 19th. Pan American Silver Corp.’s payout ratio is -4.59%.

Institutional investors have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. boosted its position in Pan American Silver Corp. by 5.3% in the second quarter. Moors & Cabot Inc. now owns 11,850 shares of the company’s stock worth $191,000 after buying an additional 600 shares during the last quarter. Oxbow Advisors LLC boosted its position in 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. Aperio Group LLC boosted its position in Pan American Silver Corp. by 0.8% in the first quarter. Aperio Group LLC now owns 172,055 shares of the company’s stock worth $1,870,000 after buying an additional 1,432 shares during the last quarter. AXA boosted its position in Pan American Silver Corp. by 0.3% in the first quarter. AXA now owns 631,726 shares of the company’s stock worth $6,897,000 after buying an additional 1,700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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. Hedge funds and other institutional investors own 50.89% 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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