NEW YORK (TheStreet) — Pan American Silver Corporation (Nasdaq:PAAS) hit a new 52-week high Friday as it traded at $42.35 compared with its previous 52-Week high of $42.33. Pan American is changing hands at $42.35 with 2.5 million shares traded as of 11:42 a.m. ET. Average volume has been two million shares over the past 30 days.
Pan American has a market cap of $4.2 billion and is part of the basic materials sector and metals & mining industry. Shares are down 4.5% year to date as of the close of trading on Thursday.
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, reclamation, operation, and production of silver producing properties and assets. It also produces and sells gold, zinc, lead, and copper minerals. The company has a P/E ratio of 37.3, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 16.8.
