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Pan American Silver (TSE:PAAS) Shares Down 6.5%

Defense World ·  02/05 18:01

Shares of Pan American Silver Corp. (TSE:PAAS – Get Rating) fell 6.5% during trading on Friday . The company traded as low as C$22.93 and last traded at C$22.98. 952,065 shares traded hands during mid-day trading, an increase of 56% from the average session volume of 610,033 shares. The stock had previously closed at C$24.58.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PAAS shares. National Bankshares lowered their target price on Pan American Silver from C$33.00 to C$31.50 in a research note on Thursday, October 13th. Royal Bank of Canada raised shares of Pan American Silver to a "buy" rating and set a C$22.00 price target for the company in a research note on Wednesday, January 11th.

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Pan American Silver Stock Down 6.5 %

The company has a quick ratio of 0.88, a current ratio of 2.12 and a debt-to-equity ratio of 3.78. The company has a market cap of C$4.84 billion and a price-to-earnings ratio of 20.70. The stock has a fifty day moving average price of C$23.43 and a two-hundred day moving average price of C$22.41.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Friday, December 2nd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Friday, November 18th. Pan American Silver's dividend payout ratio is presently 40.54%.

Insider Activity

In related news, Senior Officer Ignacio Llerena Couturier sold 10,000 shares of Pan American Silver stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of C$22.80, for a total value of C$228,000.00. Following the transaction, the insider now directly owns 10,823 shares of the company's stock, valued at C$246,764.40.

About Pan American Silver

(Get Rating)

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines.

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