Pan American Silver (TSE:PAAS) Trading 4.6% Higher – Time to Buy?

Pan American Silver Corp. (TSE:PAAS) traded up 4.6% on Monday . The stock traded as high as C$68.01 and last traded at C$67.33. 1,500,187 shares changed hands during trading, an increase of 26% from the average session volume of 1,192,526 shares. The stock had previously closed at C$64.39.

Analyst Ratings Changes

A number of research firms have recently commented on PAAS. Jefferies Financial Group dropped their price objective on Pan American Silver from C$58.00 to C$54.00 in a report on Wednesday, January 21st. National Bank Financial raised their price objective on shares of Pan American Silver from C$95.00 to C$110.00 in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$69.67.

Pan American Silver Stock Up 4.6%

The company has a market capitalization of C$28.40 billion, a PE ratio of 26.30, a P/E/G ratio of 24.57 and a beta of 1.71. The company has a current ratio of 2.69, a quick ratio of 0.88 and a debt-to-equity ratio of 13.39. The firm has a 50 day simple moving average of C$80.63 and a two-hundred day simple moving average of C$66.16.

Pan American Silver (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 18th. The company reported C$1.52 EPS for the quarter. Pan American Silver had a return on equity of 16.85% and a net margin of 27.08%.The business had revenue of C$1.62 billion during the quarter. Research analysts expect that Pan American Silver Corp. will post 1.9192235 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, March 2nd. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s payout ratio is currently 17.97%.

About Pan American Silver

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.