Pan American Silver (TSE:PAAS) Hits New 52-Week High – Time to Buy?

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

Pan American Silver Stock Performance

The business has a 50-day moving average of C$61.51 and a 200 day moving average of C$51.43. 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 market cap of C$31.14 billion, a PE ratio of 42.65, a PEG ratio of 24.57 and a beta of 1.63.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, December 5th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, November 24th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s payout ratio is currently 24.28%.

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.