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

Pan American Silver Corp. (TSE:PAAS)’s stock price reached a new 52-week high on Thursday . The company traded as high as C$36.61 and last traded at C$36.36, with a volume of 108614 shares trading hands. The stock had previously closed at C$36.32.

Analyst Ratings Changes

Separately, National Bankshares dropped their target price on shares of Pan American Silver from C$47.25 to C$45.25 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th.

Pan American Silver Trading Up 2.1 %

The firm has a 50 day simple moving average of C$33.44 and a 200 day simple moving average of C$31.16. 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$9.47 billion, a PE ratio of -198.91, a P/E/G ratio of 24.57 and a beta of 1.40.

Pan American Silver Dividend Announcement

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

Insiders Place Their Bets

In other news, Senior Officer Christopher Emerson sold 4,000 shares of Pan American Silver stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$36.35, for a total transaction of C$145,394.00. Also, Senior Officer Guido Mastropietro sold 1,500 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of C$31.54, for a total value of C$47,314.95. In the last 90 days, insiders sold 26,047 shares of company stock valued at $930,080. 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.