Insider Selling: Pan American Silver Corp. (TSE:PAAS) Senior Officer Sells C$720,496.00 in Stock

Pan American Silver Corp. (TSE:PAAS) Senior Officer Martin Wafforn sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$36.02, for a total transaction of C$720,496.00.

Pan American Silver Stock Performance

Shares of PAAS opened at C$34.45 on Friday. The business’s 50 day moving average is C$32.45 and its two-hundred day moving average is C$30.77. Pan American Silver Corp. has a 52-week low of C$16.57 and a 52-week high of C$36.59. The firm has a market cap of C$8.79 billion, a price-to-earnings ratio of -184.70, a PEG ratio of 24.57 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 17.60.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver’s payout ratio is -289.52%.

Wall Street Analysts Forecast Growth

Separately, National Bankshares lowered their target price on Pan American Silver from C$47.25 to C$45.25 and set an “outperform” rating for the company in a research note on Wednesday.

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.