Equities research analysts at Zacks Investment Research upgraded shares of Pan American Silver Corp (NASDAQ: PAAS) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. Shares of Pan American Silver Corp opened at 33.65 on Wednesday. Pan American Silver Corp has a 52 week low of $22.21 and a 52 week high of $43.06. The stock’s 50-day moving average is $36.98 and its 200-day moving average is $36.6. The company has a market cap of $3.628 billion and a price-to-earnings ratio of 32.05. Pan American Silver Corp. (Pan American) is engaged in silver mining and related activities, including exploration, extraction, processing, refining and reclamation. The Company’s 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 Company’s 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 Company’s Huaron mine. For more information about Zacks Investment Research’s equity research offerings, visit Zacks.com.

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