Pan American Silver (TSE:PAAS) Trading Up 1.1% – Time to Buy?

Pan American Silver Corp. (TSE:PAAS) shares shot up 1.1% during trading on Wednesday . The company traded as high as C$83.45 and last traded at C$81.31. 773,848 shares were traded during trading, a decline of 34% from the average session volume of 1,168,531 shares. The stock had previously closed at C$80.41.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut their target price on Pan American Silver from C$58.00 to C$54.00 in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$53.67.

Pan American Silver Stock Performance

The company has a debt-to-equity ratio of 17.60, a current ratio of 2.06 and a quick ratio of 0.88. The stock has a fifty day moving average price of C$74.78 and a two-hundred day moving average price of C$58.58. The company has a market cap of C$34.32 billion, a P/E ratio of 47.00, a PEG ratio of 24.57 and a beta of 1.65.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, December 5th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, November 24th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio (DPR) is presently 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.