Shares of Pan American Silver Corp (NASDAQ: PAAS) saw unusually high trading volume on Tuesday. Approximately 237,760 shares changed hands during mid-day trading, an increase of -93.17% from the previous session. The stock last traded at $36.45.
On a related note, analysts at Zacks Investment Research reiterated a neutral rating on shares of Pan American Silver Corp in a research note to investors on Tuesday, December 28th. Separately, analysts at RBC Capital (NYSE: RY) initiated coverage on shares of Pan American Silver Corp in a research note to investors on Tuesday, December 7th. They set an outperform rating and a $46.00 price target 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 (NASDAQ: PAAS) traded up 4.02% during mid-day trading on Tuesday. The stock has a 52 week low of $20.00 and a 52 week high of $42.33. Its 50-day moving average is $38.88 and its 200-day moving average is $30.65. The company has a market cap of $3.910 billion and a price-to-earnings ratio of 38.45.
