Pan American Silver (PAA) Lifted to Buy at B. Riley

B. Riley upgraded shares of Pan American Silver (TSE:PAA) (NASDAQ:PAAS) from a neutral rating to a buy rating in a research note issued to investors on Thursday, November 30th. B. Riley also issued estimates for Pan American Silver’s Q4 2017 earnings at $0.30 EPS.

Shares of Pan American Silver (TSE PAA) traded up C$0.10 during mid-day trading on Thursday, reaching C$18.66. 117,485 shares of the company’s stock were exchanged, compared to its average volume of 205,837. Pan American Silver has a 12-month low of C$18.00 and a 12-month high of C$27.99.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were given a $0.032 dividend. This represents a $0.13 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, November 17th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.03.

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Pan American Silver Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

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