Pan American Silver (TSE:PAAS) Reaches New 12-Month High – Time to Buy?

Pan American Silver Corp. (TSE:PAAS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$36.59 and last traded at C$36.51, with a volume of 593728 shares changing hands. The stock had previously closed at C$34.59.

Analysts Set New Price Targets

Separately, National Bankshares boosted their price objective on Pan American Silver from C$45.00 to C$47.25 and gave the company an “outperform” rating in a research note on Tuesday, February 11th.

Pan American Silver Stock Up 4.7 %

The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 17.60. The company has a fifty day moving average price of C$32.00 and a 200-day moving average price of C$30.58. The stock has a market capitalization of C$9.25 billion, a P/E ratio of -194.25, a PEG ratio of 24.57 and a beta of 1.40.

Insider Buying and Selling at Pan American Silver

In other Pan American Silver news, Senior Officer Guido Mastropietro sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$31.54, for a total value of C$47,314.95. Company insiders own 0.07% of the company’s stock.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.