Pan American Silver Corp. (TSE:PAA) had its price objective trimmed by TD Securities from C$7.50 to C$7.00 in a research note issued to investors on Thursday morning, Analyst Ratings Network.com reports. The brokerage currently has a hold rating on the stock.

Shares of Pan American Silver Corp. (TSE:PAA) traded up 4.57% during midday trading on Thursday, hitting $8.93. 80,875 shares of the stock were exchanged. Pan American Silver Corp. has a 12-month low of $7.77 and a 12-month high of $15.06. The firm has a 50-day moving average price of $9.11 and a 200-day moving average price of $9.18. The company’s market cap is $1.35 billion.

In other news, Director Ross J. Beaty purchased 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 13th. The shares were purchased at an average price of C$6.27 per share, with a total value of C$1,253,760.00.

Pan American Silver Corp. (TSE:PAA) is engaged in the operation and development of and exploration for silver producing properties and assets. The Company’s principal product is silver. The Company also produces and sells gold, zinc, lead, and copper. The Company is engaged in mining operations and is developing mining projects in Mexico, Peru, Argentina and Bolivia, and has control over non-producing silver assets in each of those jurisdictions and in the United States. The Company’s principal products and sources of sales are silver and gold dore and silver bearing zinc, lead, and copper concentrates. As of December 31, 2014, the Huaron, Morococha, Alamo Dorado, Dolores, La Colorada, Manantial Espejo and San Vicente mines accounted for all of its production of concentrates and dore.

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