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

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

Wall Street Analyst Weigh In

Several research analysts have commented on PAAS shares. National Bank Financial set a C$116.00 target price on Pan American Silver and gave the stock an “outperform” rating in a research note on Friday, April 17th. BMO Capital Markets boosted their target price on Pan American Silver from C$69.00 to C$85.00 in a research note on Wednesday, April 22nd. Finally, TD raised Pan American Silver from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$67.00 to C$72.00 in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Pan American Silver has an average rating of “Buy” and an average price target of C$81.75.

Pan American Silver Price Performance

The company has a 50 day moving average price of C$75.79 and a 200-day moving average price of C$75.70. 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.

Pan American Silver (TSE:PAAS) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$1.52 earnings per share (EPS) 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, equities research analysts predict that Pan American Silver Corp. will post 1.9192235 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

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

Insider Activity

In other news, insider Guido Mastropietro sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of C$87.50, for a total value of C$87,500.00. Following the completion of the transaction, the insider owned 2,572 shares of the company’s stock, 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 corporate 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.