Shares of Pan American Silver Corp (PAAS) saw major losses on Thursday. The stock traded down ($2.04) or 4.97% for the day and last traded at $39.04. Approximately 4,141,147 shares changed hands during mid-day trading.
Separately, analysts at Zacks Investment Research reiterated a neutral rating on shares of Pan American Silver Corp in a research note to investors on Thursday, March 31st. Also, analysts at RBC Capital (NYSE: RY) cut their price target on shares of Pan American Silver Corp from $46.00 to $43.00 in a research note to investors on Thursday, February 17th. They now have an outperform rating on the stock.
Pan American Silver Corp. (Pan American) is engaged in silver mining and related activities, including exploration, extraction, processing, refining and reclamation. The Companys primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia. The Company has project development activities in Peru, Mexico and Argentina, and exploration activities throughout South America and Mexico. In December 2009, Pan American completed the acquisition of a 93% interest in Aquiline Resources Inc. (Aquiline), which controls the Navidad Project in Chubut, Argentina, a silver development project, as well as several other early stage development projects in Argentina and Peru. The Companys Huaron silver-zinc underground polymetallic mine is located 320 km northeast of Lima in the heart of the Cerro de Pasco district. Its Morococha is an underground, polymetallic vein mine located 50 kilometers southwest of the Companys Huaron mine.
Pan American Silver Corp has a 52 week low of $22.21 and a 52 week high of $43.06. The stocks 50-day moving average is $37.69 and its 200-day moving average is $35.81. The company has a market cap of $4.195 billion and a price-to-earnings ratio of 39.13.
