National Bankshares Lowers Pan American Silver (TSE:PAAS) Price Target to C$45.25

Pan American Silver (TSE:PAAS - Free Report) had its price target trimmed by National Bankshares from C$47.25 to C$45.25 in a research note released on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Pan American Silver Trading Down 0.2 %

Shares of PAAS stock traded down C$0.08 on Wednesday, reaching C$34.45. The company had a trading volume of 2,038,402 shares, compared to its average volume of 765,931. The company has a 50-day moving average of C$32.55 and a 200-day moving average of C$30.80. Pan American Silver has a 12 month low of C$16.57 and a 12 month high of C$36.59. 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 stock has a market cap of C$8.79 billion, a PE ratio of -184.70, a PEG ratio of 24.57 and a beta of 1.40.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.16%. Pan American Silver's payout ratio is -289.52%.

Insiders Place Their Bets

In other news, Senior Officer Martin Wafforn sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$36.02, for a total value of C$720,496.00. Also, Senior Officer Alan Scott Campbell sold 3,904 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$33.09, for a total value of C$129,183.36. Insiders sold a total of 25,951 shares of company stock valued at $913,869 in the last quarter. 0.07% of the stock is currently owned by insiders.

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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.