Pan American Silver (TSE:PAAS) Hits New 12-Month High – What’s Next?

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

Analysts Set New Price Targets

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

Pan American Silver Price Performance

The company has a market capitalization of C$12.73 billion, a price-to-earnings ratio of -62.64, a price-to-earnings-growth ratio of 24.57 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 17.98. The company has a 50 day simple moving average of C$31.36 and a 200 day simple moving average of C$30.35.

Pan American Silver Announces Dividend

The company also recently declared 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 of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.14%. Pan American Silver’s dividend payout ratio is presently -96.43%.

Insiders Place Their Bets

In other news, Senior Officer Guido Mastropietro sold 1,500 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$31.54, for a total value of C$47,314.95. Also, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of the stock in a transaction dated 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 sold 5,797 shares of company stock worth $181,940 over the last three months. 0.07% of the stock is owned by 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.