Pan American Silver (TSE:PAAS) Hits New 12-Month High on Analyst Upgrade

Pan American Silver Corp. (TSE:PAAS)’s stock price hit 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 traded. The stock had previously closed at C$35.08.

Insiders Place Their Bets

In other Pan American Silver news, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of the firm’s stock in a transaction 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 the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of C$31.54, for a total transaction of C$47,314.95. In the last quarter, insiders sold 5,797 shares of company stock worth $181,940. 0.07% of the stock is owned by insiders.

Pan American Silver Stock Up 3.7 %

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 firm has a 50 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 price-to-earnings ratio of -64.34, a P/E/G ratio of 24.57 and a beta of 1.40.

Pan American Silver Dividend Announcement

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

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.