Pan American Silver (TSE:PAAS) Trading Up 5.9% – Still a Buy?

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

Analyst Upgrades and Downgrades

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

Pan American Silver Stock Up 5.9%

The company has a quick ratio of 0.88, a current ratio of 2.84 and a debt-to-equity ratio of 11.49. The company has a market cap of C$30.06 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 24.57 and a beta of 1.86. The stock has a fifty day moving average price of C$75.79 and a two-hundred day moving average price of C$75.70.

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

Pan American Silver Announces Dividend

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

Insider Transactions at Pan American Silver

In other Pan American Silver 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 sale, the insider directly owned 2,572 shares in the company, valued at C$225,050. This represents a 28.00% decrease in their ownership of the stock. 0.07% of the stock is owned by insiders.

Pan American Silver Company Profile

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.