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

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

Analyst Ratings Changes

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

Pan American Silver Trading Up 4.7 %

The company has a debt-to-equity ratio of 17.60, a quick ratio of 0.88 and a current ratio of 2.06. The firm has a 50 day simple moving average of C$32.00 and a two-hundred day simple moving average of C$30.58. The firm 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

In other news, Senior Officer Guido Mastropietro sold 1,500 shares of Pan American Silver stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$31.54, for a total transaction of C$47,314.95. 0.07% of the stock is currently owned by insiders.

About Pan American Silver

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.