Pan American Silver (TSE:PAAS) Sets New 52-Week High – What’s Next?

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

Wall Street Analyst Weigh In

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

Pan American Silver Price Performance

The stock has a market cap of C$13.08 billion, a P/E ratio of -64.34, a price-to-earnings-growth ratio of 24.57 and a beta of 1.40. The business has a 50-day simple moving average of C$31.55 and a 200 day simple moving average of C$30.42. The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.98.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors 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 dividend yield of 1.11%. Pan American Silver’s payout ratio is -96.43%.

Insiders Place Their Bets

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