Pan American Silver (TSE:PAAS) Trading Up 5.9% – Should You Buy?

Pan American Silver Corp. (TSE:PAAS)’s stock price was up 5.9% during trading on Monday . The company traded as high as C$73.78 and last traded at C$71.35. Approximately 975,628 shares traded hands during trading, a decline of 10% from the average daily volume of 1,078,157 shares. The stock had previously closed at C$67.40.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PAAS shares. BMO Capital Markets raised their price objective on shares of Pan American Silver from C$69.00 to C$85.00 in a report on Wednesday, April 22nd. National Bank Financial set a C$116.00 price objective on shares of Pan American Silver and gave the stock an “outperform” rating in a report on Friday, April 17th. Finally, TD raised shares of Pan American Silver from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$67.00 to C$72.00 in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pan American Silver presently has a consensus rating of “Buy” and an average target price of C$81.75.

Pan American Silver Stock Down 2.0%

The firm has a market cap of C$30.05 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 24.57 and a beta of 1.86. The company has a debt-to-equity ratio of 11.49, a quick ratio of 0.88 and a current ratio of 2.84. The business’s 50-day moving average is C$75.56 and its 200-day moving average is C$75.88.

Pan American Silver (TSE:PAAS) last announced its earnings results on Tuesday, May 5th. The company reported C$1.52 earnings per share (EPS) for the quarter. The business had revenue of C$1.85 billion during the quarter. Pan American Silver had a net margin of 31.69% and a return on equity of 19.65%. On average, equities analysts predict that Pan American Silver Corp. will post 1.9192235 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, June 1st were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. Pan American Silver’s dividend payout ratio (DPR) is 17.03%.

Insider Activity

In related news, insider Guido Mastropietro sold 1,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$87.50, for a total transaction of C$87,500.00. Following the completion of the sale, the insider owned 2,572 shares in the company, valued at C$225,050. This trade represents a 28.00% decrease in their position. 0.07% of the stock is owned by company insiders.

About Pan American Silver

Pan American is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own a 44% joint venture interest in the producing Juanicipio mine in Mexico, a 100% interest in the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for over three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management.