Pan American Silver (TSE:PAAS) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Pan American Silver Corp. (TSE:PAAS)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$64.70 and traded as high as C$67.61. Pan American Silver shares last traded at C$65.82, with a volume of 1,045,719 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PAAS. BMO Capital Markets boosted their target price on shares of Pan American Silver from C$69.00 to C$85.00 in a research report on Wednesday, April 22nd. Scotiabank lifted their price objective on Pan American Silver from C$65.00 to C$95.00 in a research report on Tuesday, July 14th. TD raised shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their target price for the stock from C$67.00 to C$72.00 in a report on Tuesday, May 12th. Finally, National Bank Financial set a C$116.00 price target on Pan American Silver and gave the stock an “outperform” rating in a research note on Friday, April 17th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$84.40.

Pan American Silver Stock Down 0.2%

The company has a debt-to-equity ratio of 11.49, a current ratio of 2.84 and a quick ratio of 0.88. The company has a market capitalization of C$27.29 billion, a PE ratio of 19.47, a P/E/G ratio of 24.57 and a beta of 1.98. The business has a 50-day moving average of C$64.70 and a 200 day moving average of C$73.58.

Pan American Silver (TSE:PAAS) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$1.04 EPS for the quarter. The company had revenue of C$1.60 billion during the quarter. Pan American Silver had a return on equity of 19.65% and a net margin of 31.69%. Equities research analysts predict that Pan American Silver Corp. will post 1.9192235 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, June 1st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is currently 18.34%.

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.