Pan American Silver (TSE:PAAS) Hits New 52-Week High on Analyst Upgrade

Pan American Silver Corp. (TSE:PAAS) reached a new 52-week high on Tuesday after National Bankshares raised their price target on the stock from C$45.00 to C$47.25. National Bankshares currently has an outperform rating on the stock. Pan American Silver traded as high as C$36.54 and last traded at C$36.03, with a volume of 900625 shares. The stock had previously closed at C$35.08.

Insider Buying and Selling at Pan American Silver

In related news, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of the firm’s stock in a transaction that occurred 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. Also, Senior Officer Guido Mastropietro sold 1,500 shares of Pan American Silver stock in a transaction 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 ninety days, insiders have sold 5,797 shares of company stock worth $181,940. Corporate insiders own 0.07% of the company’s stock.

Pan American Silver Stock Up 3.7 %

The stock has a fifty day moving average price of C$31.73 and a 200-day moving average price of C$30.48. The firm has a market cap of C$13.08 billion, a PE ratio of -64.34, a PEG ratio of 24.57 and a beta of 1.40. The company has a debt-to-equity ratio of 17.98, a quick ratio of 0.88 and a current ratio of 2.06.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.11%. Pan American Silver’s dividend payout ratio is currently -96.43%.

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.