Pan American Silver (TSE:PAAS) Shares Pass Above 50-Day Moving Average – Should You Sell?

Shares of Pan American Silver Corp. (TSE:PAAS) crossed 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 changing hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on PAAS. BMO Capital Markets lifted their price objective on Pan American Silver from C$69.00 to C$85.00 in a research note on Wednesday, April 22nd. Scotiabank lifted their price target on shares of Pan American Silver from C$65.00 to C$95.00 in a research report on Tuesday, July 14th. Finally, TD raised shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$67.00 to C$72.00 in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$84.40.

Pan American Silver Price Performance

The company has a market cap of C$27.29 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 24.57 and a beta of 1.98. The business’s 50 day moving average price is C$64.70 and its 200-day moving average price is C$73.58. The company has a quick ratio of 0.88, a current ratio of 2.84 and a debt-to-equity ratio of 11.49.

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

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, June 1st were paid a $0.18 dividend. 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 payout ratio is 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.