Pan American Silver (TSE:PAAS) Sets New 12-Month High – Still a Buy?

Pan American Silver Corp. (TSE:PAAS)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$36.61 and last traded at C$36.36, with a volume of 108614 shares. The stock had previously closed at C$36.32.

Analyst Ratings Changes

Separately, National Bankshares lowered their price target on shares of Pan American Silver from C$47.25 to C$45.25 and set an “outperform” rating on the stock in a report on Wednesday, February 26th.

Pan American Silver Price Performance

The company has a debt-to-equity ratio of 17.60, a quick ratio of 0.88 and a current ratio of 2.06. The company has a market cap of C$9.47 billion, a P/E ratio of -198.91, a P/E/G ratio of 24.57 and a beta of 1.40. The firm’s fifty day moving average is C$33.44 and its two-hundred day moving average is C$31.16.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver’s dividend payout ratio is currently -289.52%.

Insider Activity at Pan American Silver

In related news, Senior Officer Martin Wafforn sold 20,000 shares of Pan American Silver stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$36.02, for a total value of C$720,496.00. Also, Senior Officer Guido Mastropietro sold 1,500 shares of the company’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 value of C$47,314.95. In the last 90 days, insiders have sold 26,047 shares of company stock valued at $930,080. 0.07% of the stock is owned by company insiders.

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.