Pan American Silver (TSE:PAAS) Reaches New 12-Month High - Time to Buy?

Shares of Pan American Silver Corp. (TSE:PAAS - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$36.03 and last traded at C$36.00, with a volume of 425553 shares changing hands. The stock had previously closed at C$34.65.

Wall Street Analyst Weigh In

Separately, National Bankshares raised their price target on shares of Pan American Silver from C$44.25 to C$45.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th.

Pan American Silver Trading Down 1.2 %

The stock has a market cap of C$12.73 billion, a PE ratio of -62.64, a P/E/G ratio of 24.57 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 17.98. The firm has a 50-day simple moving average of C$31.45 and a 200-day simple moving average of C$30.39.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a $0.10 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.14%. Pan American Silver's dividend payout ratio is currently -96.43%.

Insider Activity

In other news, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of the business's stock in a transaction dated 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 company's stock in a transaction that occurred 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. Insiders have sold a total of 5,797 shares of company stock worth $181,940 over the last ninety days. Company 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.