Pan American Silver (TSE:PAAS) Sets New 1-Year High – What’s Next?

Pan American Silver Corp. (TSE:PAAS) shares hit a new 52-week high during trading on Thursday . The company 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.

Analysts Set New Price Targets

Separately, National Bankshares decreased their price objective on Pan American Silver from C$47.25 to C$45.25 and set an “outperform” rating for the company in a report on Wednesday, February 26th.

Pan American Silver Price Performance

The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.60. The business has a fifty day simple moving average of C$33.56 and a 200 day simple moving average of C$31.20. The stock has a market capitalization of C$9.45 billion, a P/E ratio of -198.43, a price-to-earnings-growth ratio of 24.57 and a beta of 1.40.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio is presently -289.52%.

Insider Activity

In other news, Senior Officer Christopher Emerson sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of C$36.35, for a total value of C$145,394.00. 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. Insiders sold a total of 26,047 shares of company stock valued at $930,080 over the last three months. 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.