Pan American Silver (TSE:PAAS) Trading Down 1.5% - Here's Why

Shares of Pan American Silver Corp. (TSE:PAAS - Get Free Report) dropped 1.5% during mid-day trading on Friday . The company traded as low as C$32.01 and last traded at C$32.08. Approximately 781,039 shares were traded during trading, an increase of 2% from the average daily volume of 764,669 shares. The stock had previously closed at C$32.56.

Pan American Silver Price Performance

The stock has a market cap of C$11.65 billion, a P/E ratio of -57.29, a price-to-earnings-growth ratio of 24.57 and a beta of 1.40. The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.98. The company's fifty day simple moving average is C$29.43 and its 200-day simple moving average is C$28.58.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were given a dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 1.25%. Pan American Silver's dividend payout ratio (DPR) is -96.43%.

Insiders Place Their Bets

In other news, Senior Officer Christopher Emerson sold 2,000 shares of the company's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of C$31.11, for a total value of C$62,222.60. Company insiders own 0.07% of the company's stock.

Pan American Silver Company Profile

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.