Pan American Silver (TSE:PAAS) Hits New 52-Week High - Should You Buy?

Key Points

• Pan American Silver shares hit a new 52-week high, trading as high as C$74.86 (last C$74.38) on Monday versus the prior close of C$70.05 on volume of about 255,000 shares.
• The stock shows a strong uptrend (50-day/200-day moving averages of C$60.47 and C$50.93) but trades at an elevated valuation with a market cap of C$30.99B and a PE of 42.44 (PEG 24.57).
• The company increased its quarterly dividend to $0.14 from $0.12, implying an annualized $0.56 payout and a yield of 0.8% with a dividend payout ratio around 24.3%.

Pan American Silver Corp. (TSE:PAAS - ) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$74.86 and last traded at C$74.38, with a volume of 254936 shares changing hands. The stock had previously closed at C$70.05.

Pan American Silver Price Performance

The company has a debt-to-equity ratio of 17.60, a current ratio of 2.06 and a quick ratio of 0.88. The company has a 50 day moving average price of C$60.47 and a 200 day moving average price of C$50.93. The firm has a market cap of C$30.99 billion, a PE ratio of 42.44, a PEG ratio of 24.57 and a beta of 1.63.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, December 5th were paid a dividend of $0.14 per share. This is a positive change from Pan American Silver's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.8%. Pan American Silver's dividend payout ratio (DPR) 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.

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