Pan American Silver (TSE:PAAS) Sets New 1-Year High After Analyst Upgrade

Pan American Silver Corp. (TSE:PAAS - Get Free Report)'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.

Insider Buying and Selling

In related news, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of the firm'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 dated Tuesday, January 21st. The shares were sold at an average price of C$31.54, for a total transaction of C$47,314.95. Over the last ninety days, insiders sold 5,797 shares of company stock worth $181,940. Insiders own 0.07% of the company's stock.

Pan American Silver Stock Performance

The stock's fifty day simple moving average is C$31.86 and its 200-day simple moving average is C$30.53. The company has a market capitalization of C$8.84 billion, a price-to-earnings ratio of -185.67, a price-to-earnings-growth ratio of 24.57 and a beta of 1.40. The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.60.

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 1.16%. The ex-dividend date was Monday, November 18th. Pan American Silver's dividend payout ratio (DPR) is presently -289.52%.

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.