Pan American Silver (TSE:PAAS) Trading 1.1% Higher – Still a Buy?

Shares of Pan American Silver Corp. (TSE:PAAS) were up 1.1% on Wednesday . The stock traded as high as C$83.45 and last traded at C$81.31. Approximately 773,848 shares traded hands during trading, a decline of 34% from the average daily volume of 1,168,531 shares. The stock had previously closed at C$80.41.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut their target price on shares of Pan American Silver from C$58.00 to C$54.00 in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pan American Silver has an average rating of “Buy” and an average target price of C$53.67.

Pan American Silver Trading Up 1.1%

The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 17.60. The firm’s 50 day simple moving average is C$74.78 and its two-hundred day simple moving average is C$58.58. The stock has a market cap of C$34.32 billion, a P/E ratio of 47.00, a price-to-earnings-growth ratio of 24.57 and a beta of 1.65.

Pan American Silver Increases Dividend

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

Pan American Silver Company Profile

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.