Pan American Silver (TSE:PAAS) Stock Price Down 1.5% - Here's What Happened

Pan American Silver Corp. (TSE:PAAS - Get Free Report)'s share price dropped 1.5% during trading on Friday . The company traded as low as C$32.01 and last traded at C$32.08. Approximately 781,039 shares changed hands during mid-day 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 Trading Down 1.5 %

The stock has a market cap of C$11.65 billion, a PE ratio of -57.29, a PEG 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 stock has a fifty day moving average price of C$29.52 and a 200 day moving average price of C$28.64.

Pan American Silver Dividend Announcement

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

Insider Buying and Selling

In related news, 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.

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.