Pan American Silver Corp. (USA) (NASDAQ:PAAS)’s demand for silver and gold in the form of coins, bars and jewelry


Boston, MA, 06/28/2013 (financialstrend) – The share prices of Pan American Silver Corp. (USA) (NASDAQ:PAAS) has advanced by 5.33 percent to close at $10.87 per share for the end of last trading session on Thursday. The share of the company has been trading in the range of $10.45 to $11.02 per share during the day. The Pan American Silver Corp. (USA) (NASDAQ:PAAS) had a market capitalization of $1.65 billion. The stock opened at $10.52per share. The share price has not made a change in the 52 week low value $10.45 per share and 52 week high value $22.83 per share.

Pan American Silver Corp. (USA) (NASDAQ:PAAS) has been engaged in development, exploration and operation of properties and assets which produces silver. This company also produces and sells zinc, lead, copper, gold, though their primary product is silver. Mining operations and developing mining projects in several places such as Argentina, Bolivia, Mexico and Peru and non-producing silver assets are under effective control of Pan American Silver Corp. (USA) (NASDAQ:PAAS). Mine finders Corporation Ltd was acquired by the company on March 2012. There is huge demand from consumers for silver and gold in the form of coins, bars and jewelry. A gold price forecast had been reported at $1,300 an ounce for this year and $1,050 for the year 2014.

Pan American Silver Corp. (USA) (NASDAQ:PAAS) earned revenue of $243.00 million for the first quarter. Miners were increased back from lower edge to higher edge. But metal was closed with lower price. Three research analysts with a sell rating have rated the stock, three have given a buy rating and seven have given a hold rating to the company. The average rating of the stock “Hold” and a price target of $17.71.

The company had an institutional investors shareholdings as 43 percent. Monetary stimulus was reduced and gold was also moved down in global markets. Pan American Silver Corp. (USA) (NASDAQ:PAAS) has been having an average volume of 2.56 million. The company presently holds 151.49 billion shares outstanding in the market.