Pan American Silver (TSE:PAAS) Reaches New 52-Week High – Here’s Why

Pan American Silver Corp. (TSE:PAAS) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$36.59 and last traded at C$36.51, with a volume of 593728 shares. The stock had previously closed at C$34.59.

Wall Street Analyst Weigh In

Separately, National Bankshares upped their price target on Pan American Silver from C$45.00 to C$47.25 and gave the stock an “outperform” rating in a report on Tuesday, February 11th.

Pan American Silver Stock 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 firm has a market capitalization of C$8.88 billion, a price-to-earnings ratio of -186.58, a price-to-earnings-growth ratio of 24.57 and a beta of 1.40. The company has a 50-day moving average of C$32.09 and a 200-day moving average of C$30.64.

Insiders Place Their Bets

In other news, Senior Officer Guido Mastropietro sold 1,500 shares of the firm’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. 0.07% of the stock is owned by corporate insiders.

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.