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

Pan American Silver Corp. (TSE:PAAS)’s stock price reached a new 52-week high during mid-day 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. The stock had previously closed at C$70.05.

Pan American Silver Stock Performance

The stock’s 50 day moving average price is C$60.47 and its two-hundred day moving average price is C$50.93. The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.60. The firm has a market capitalization of C$30.99 billion, a price-to-earnings ratio of 42.44, a PEG ratio of 24.57 and a beta of 1.63.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, December 5th were issued a $0.14 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.8%. 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.