Pan American Silver (TSE:PAAS) Reaches New 52-Week High on Analyst Upgrade

Pan American Silver Corp. (TSE:PAAS)’s share price reached a new 52-week high during trading 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 changing hands. The stock had previously closed at C$35.08.

Insiders Place Their Bets

In other news, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$31.40, for a total transaction of C$117,750.00. Also, Senior Officer Guido Mastropietro sold 1,500 shares of the business’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 5,797 shares of company stock valued at $181,940 in the last three months. 0.07% of the stock is currently owned by insiders.

Pan American Silver Trading Up 3.7 %

The company has a fifty day simple moving average of C$31.73 and a two-hundred day simple moving average of C$30.48. 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 company has a market cap of C$13.08 billion, a PE ratio of -64.34, a P/E/G ratio of 24.57 and a beta of 1.40.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.11%. The ex-dividend date was Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -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.