Pan American Silver (TSE:PAAS) Trading Down 2.1% – Here’s Why

Shares of Pan American Silver Corp. (TSE:PAAS) traded down 2.1% on Friday . The stock traded as low as C$31.31 and last traded at C$31.61. 764,461 shares were traded during mid-day trading, a decline of 0% from the average session volume of 765,495 shares. The stock had previously closed at C$32.28.

Wall Street Analysts Forecast Growth

Separately, National Bankshares upped their price objective 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 Trading Down 2.1 %

The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 17.98. The stock has a market cap of C$11.47 billion, a PE ratio of -56.45, a price-to-earnings-growth ratio of 24.57 and a beta of 1.40. The stock has a 50-day moving average of C$31.47 and a 200 day moving average of C$29.62.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were paid 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 1.27%. Pan American Silver’s payout ratio is currently -96.43%.

Insider Buying and Selling

In related news, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$31.40, for a total transaction of C$117,750.00. Also, Senior Officer Christopher Emerson sold 2,000 shares of Pan American Silver stock in a transaction 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. 0.07% of the stock is currently 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.