Pan American Silver (TSE:PAAS) Stock Price Crosses Above 50 Day Moving Average - Should You Sell?

Key Points

• Pan American Silver shares crossed above their 50-day moving average, reaching C$67.61 before last trading at C$65.82 on volume of roughly 1.05 million shares.
• Analysts remain broadly bullish, with recent price-target increases ranging from C$72 to C$116. The consensus rating is “Buy”, with an average target of C$84.40.
• The company reported C$1.04 in quarterly EPS on C$1.60 billion in revenue and pays a quarterly dividend of C$0.18, equivalent to an annualized C$0.72 and a 1.1% yield.

Pan American Silver Corp. (TSE:PAAS - Get Free Report) 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 trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Scotiabank raised their target price on shares of Pan American Silver from C$65.00 to C$95.00 in a report on Tuesday, July 14th. National Bank Financial set a C$116.00 price target on Pan American Silver and gave the company an "outperform" rating in a research report on Friday, April 17th. TD raised Pan American Silver from a "hold" rating to a "buy" rating and raised their price target for the stock from C$67.00 to C$72.00 in a research note on Tuesday, May 12th. Finally, BMO Capital Markets lifted their target price on shares of Pan American Silver from C$69.00 to C$85.00 in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$84.40.

Pan American Silver Trading Down 0.2%

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 stock's fifty day simple moving average is C$64.70 and its two-hundred day simple moving average is C$73.58. The firm has a market cap of C$27.29 billion, a PE ratio of 19.47, a PEG ratio of 24.57 and a beta of 1.98.

Pan American Silver (TSE:PAAS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$1.04 earnings per share 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$1.60 billion during the quarter. On average, sell-side analysts forecast that Pan American Silver Corp. will post 1.9192235 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, June 1st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, May 19th. Pan American Silver's payout ratio is presently 18.34%.

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.

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