Pan American Silver (TSE:PAAS) Reaches New 1-Year High – Still a Buy?

Pan American Silver Corp. (TSE:PAAS)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$36.54 and last traded at C$36.03, with a volume of 900625 shares changing hands. The stock had previously closed at C$35.08.

Wall Street Analysts Forecast Growth

Separately, National Bankshares increased their price objective on shares of Pan American Silver from C$44.25 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, January 9th.

Pan American Silver Trading Up 2.7 %

The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.98. The company has a 50-day moving average price of C$31.55 and a two-hundred day moving average price of C$30.42. The stock has a market cap of C$13.08 billion, a P/E ratio of -64.34, a P/E/G ratio of 24.57 and a beta of 1.40.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were issued a $0.10 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. Pan American Silver’s dividend payout ratio (DPR) is presently -96.43%.

Insider Activity at Pan American Silver

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

Pan American Silver Company Profile

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.