Pan American Silver (NYSE:PAAS) Hits New 52-Week High - Should You Buy?

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS's stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $27.47 and last traded at $26.61, with a volume of 4717198 shares changing hands. The stock had previously closed at $26.70.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Scotiabank boosted their target price on Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a research note on Tuesday, February 25th. Royal Bank of Canada upped their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Finally, StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $27.92.

Remove Ads

Pan American Silver Stock Down 2.5 %

The firm has a market cap of $9.32 billion, a P/E ratio of 80.42 and a beta of 1.25. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $23.97 and a 200-day moving average of $22.57.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. On average, equities research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.55%. Pan American Silver's payout ratio is presently 125.00%.

Institutional Trading of Pan American Silver

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Comprehensive Financial Planning Inc. PA bought a new stake in Pan American Silver in the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver in the fourth quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new stake in Pan American Silver in the third quarter valued at approximately $32,000. Decker Retirement Planning Inc. bought a new stake in Pan American Silver in the fourth quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Pan American Silver in the fourth quarter valued at approximately $32,000. Institutional investors own 55.43% 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.