Pan American Silver (TSE:PAAS) Sets New 52-Week High – Time to Buy?

Pan American Silver Corp. (TSE:PAAS) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$79.79 and last traded at C$78.29, with a volume of 143059 shares trading hands. The stock had previously closed at C$76.80.

Pan American Silver Stock Up 3.1%

The business’s 50 day moving average is C$67.05 and its 200-day moving average is C$54.10. The firm has a market capitalization of C$34.18 billion, a price-to-earnings ratio of 46.82, a price-to-earnings-growth ratio of 24.57 and a beta of 1.63. The company has a debt-to-equity ratio of 17.60, a quick ratio of 0.88 and a current ratio of 2.06.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, December 5th were given a $0.14 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.56 annualized dividend and a yield of 0.7%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio (DPR) is 24.28%.

Pan American Silver Company Profile

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.