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Pan American Silver (TSE:PAAS) Shares Down 2.1% - Here's Why

Pan American Silver logo with Basic Materials background

Pan American Silver Corp. (TSE:PAAS - Get Free Report) was down 2.1% during trading on Friday . The company traded as low as C$30.12 and last traded at C$30.14. Approximately 330,556 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 456,699 shares. The stock had previously closed at C$30.80.

Wall Street Analyst Weigh In

Separately, National Bankshares lifted their price objective on shares of Pan American Silver from C$40.75 to C$44.25 in a report on Tuesday, November 12th.

Check Out Our Latest Research Report on Pan American Silver

Pan American Silver Trading Down 2.1 %

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 company's fifty day moving average is C$31.44 and its two-hundred day moving average is C$29.64. The company has a market cap of C$10.94 billion, a price-to-earnings ratio of -53.82, a P/E/G ratio of 24.57 and a beta of 1.40.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. Pan American Silver's dividend payout ratio (DPR) is presently -96.43%.

Insider Buying and Selling at Pan American Silver

In other Pan American Silver 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 stock was sold at an average price of C$31.40, for a total value of C$117,750.00. Also, Senior Officer Christopher Emerson sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$31.11, for a total transaction of C$62,222.60. 0.07% of the stock is owned by corporate insiders.

About Pan American Silver

(Get Free Report)

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.

Further Reading

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