Pan American Silver (TSE:PAAS) Trading Up 4.6% – Should You Buy?

Shares of Pan American Silver Corp. (TSE:PAAS) were up 4.6% during mid-day trading on Monday . The company traded as high as C$68.01 and last traded at C$67.33. Approximately 1,500,187 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 1,192,526 shares. The stock had previously closed at C$64.39.

Analyst Upgrades and Downgrades

Several research firms recently commented on PAAS. National Bank Financial boosted their target price on Pan American Silver from C$95.00 to C$110.00 in a research report on Friday, February 27th. Jefferies Financial Group lowered their price target on Pan American Silver from C$58.00 to C$54.00 in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Pan American Silver presently has a consensus rating of “Buy” and an average price target of C$69.67.

Pan American Silver Stock Up 3.6%

The stock’s fifty day moving average price is C$80.32 and its 200 day moving average price is C$66.34. The stock has a market cap of C$30.02 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 24.57 and a beta of 1.71. The company has a current ratio of 2.69, a quick ratio of 0.88 and a debt-to-equity ratio of 13.39.

Pan American Silver (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 18th. The company reported C$1.52 earnings per share (EPS) for the quarter. Pan American Silver had a net margin of 27.08% and a return on equity of 16.85%. The company had revenue of C$1.62 billion during the quarter. As a group, research analysts forecast that Pan American Silver Corp. will post 1.9192235 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were given a dividend of $0.18 per share. The ex-dividend date was Monday, March 2nd. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. Pan American Silver’s dividend payout ratio (DPR) is 17.97%.

About Pan American Silver

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.