Pan American Silver (TSE:PAAS) Stock Price Down 2.1% – Here’s What Happened

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

Analyst Upgrades and Downgrades

Separately, National Bankshares raised their price target on shares of Pan American Silver from C$40.75 to C$44.25 in a research note on Tuesday, November 12th.

Pan American Silver Stock Performance

The firm’s 50 day simple moving average is C$31.44 and its 200-day simple 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 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.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were given 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 1.33%. Pan American Silver’s dividend payout ratio (DPR) is presently -96.43%.

Insiders Place Their Bets

In other news, Senior Officer Christopher Emerson sold 2,000 shares of Pan American Silver stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$31.11, for a total transaction of C$62,222.60. Also, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of the 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. Corporate insiders own 0.07% of the company’s stock.

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.