Pan American Silver (TSE:PAAS) Stock Crosses Below Fifty Day Moving Average - Here's What Happened

Pan American Silver Corp. (TSE:PAAS - Get Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$30.77 and traded as low as C$30.30. Pan American Silver shares last traded at C$31.04, with a volume of 589,037 shares changing hands.

Analyst Ratings Changes

Separately, National Bankshares increased their target price on Pan American Silver from C$44.25 to C$45.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th.

Pan American Silver Stock Up 0.5 %

The company has a market cap of C$11.27 billion, a P/E ratio of -55.43, a price-to-earnings-growth ratio of 24.57 and a beta of 1.40. The company has a debt-to-equity ratio of 17.98, a quick ratio of 0.88 and a current ratio of 2.06. The business's fifty day moving average is C$30.77 and its two-hundred day moving average is C$29.86.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.29%. Pan American Silver's payout ratio is -96.43%.

Insiders Place Their Bets

In other news, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$31.40, for a total value of C$117,750.00. 0.07% of the stock is currently owned by company 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.