Initiated Hold X

PAAS Pan Am Silver

Jefferies

$14

Resumed Outperform X

PAAS Pan Am Silver

BMO Capital Markets

Upgrades Sec Perform Outperform X

PAAS Pan Am Silver

RBC Capital Mkts

$19 $22

Upgrades Hold Buy X

PAAS Pan Am Silver

Canaccord Genuity

$30

Resumed Sector Perform X

PAAS Pan Am Silver

RBC Capital Mkts

$36

Upgrades Sec Perform Outperform X

PAAS Pan Am Silver

National Bank Financial

Resumed Overweight X

PAAS Pan Am Silver

JP Morgan

Downgrades Buy Hold X

PAAS Pan Am Silver

Deutsche Bank

$38 $35

Upgrades Hold Buy X

PAAS Pan Am Silver

Deutsche Bank

$17.50 $15.50

Initiated Sector Perform X

PAAS Pan Am Silver

National Bank Financial

Resumed Neutral X

PAAS Pan Am Silver

B. Riley FBR

$12.50

Reiterated Buy X

PAAS Pan Am Silver

B. Riley FBR, Inc.

$21 $20

PAAS  Pan American Silver Corp.

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. The Company's operating properties in Mexico include La Colorada Mine, Dolores and Alamo Dorado. The Company's operating properties in Peru include Huaron Mine and Morococha Mine. The Company's operating properties in Bolivia include San Vicente. The Company's operating properties in Argentina include Manantial Espejo. The Company's development properties include Navidad Property. The La Colorada underground silver mine is located in the Chalchihuites district in Zacatecas State, Mexico, approximately 99 kilometers south of Durango and 156 kilometers northwest of Zacatecas. The La Colorada consists of approximately 60 claims totaling approximately 8,400 hectares.