Pan American Silver (TSE:PAAS) Sets New 12-Month High – Here’s Why

Pan American Silver Corp. (TSE:PAAS) reached a new 52-week high on Wednesday . The company traded as high as C$36.03 and last traded at C$36.00, with a volume of 425553 shares traded. The stock had previously closed at C$34.65.

Analyst Ratings Changes

Separately, National Bankshares upped their price target on Pan American Silver from C$44.25 to C$45.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th.

Pan American Silver Price Performance

The company has a debt-to-equity ratio of 17.98, a quick ratio of 0.88 and a current ratio of 2.06. The firm has a fifty day simple moving average of C$31.15 and a two-hundred day simple moving average of C$30.28. The firm has a market cap of C$13.01 billion, a PE ratio of -64.00, a PEG ratio of 24.57 and a beta of 1.40.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.12%. Pan American Silver’s dividend payout ratio (DPR) is currently -96.43%.

Insider Transactions at Pan American Silver

In other news, Senior Officer Guido Mastropietro sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of C$31.54, for a total transaction of C$47,314.95. Also, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$31.40, for a total value of C$117,750.00. Insiders have sold a total of 5,797 shares of company stock worth $181,940 in the last three months. Insiders own 0.07% of the company’s stock.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.