Pan American Silver (TSE:PAAS) Reaches New 12-Month High – What’s Next?

Pan American Silver Corp. (TSE:PAAS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$79.79 and last traded at C$78.29, with a volume of 143059 shares. The stock had previously closed at C$76.80.

Pan American Silver Stock Performance

The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.60. The stock’s 50 day moving average is C$65.96 and its two-hundred day moving average is C$53.53. The stock has a market cap of C$33.10 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 24.57 and a beta of 1.63.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, December 5th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio is presently 24.28%.

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.