Insider Selling: Pan American Silver Corp. (TSE:PAAS) Senior Officer Sells 5,538 Shares of Stock

Pan American Silver Corp. (TSE:PAAS) Senior Officer Cameron Paterson sold 5,538 shares of Pan American Silver stock in a transaction dated Friday, June 6th. The shares were sold at an average price of C$39.21, for a total transaction of C$217,152.18.

Pan American Silver Stock Up 2.7%

TSE:PAAS traded up C$1.07 during trading hours on Monday, hitting C$40.28. 773,769 shares of the stock traded hands, compared to its average volume of 903,243. The firm has a market cap of C$10.28 billion, a price-to-earnings ratio of -215.96, a PEG ratio of 24.57 and a beta of 1.40. The firm has a 50 day moving average price of C$34.58 and a 200 day moving average price of C$33.69. The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.60. Pan American Silver Corp. has a fifty-two week low of C$24.96 and a fifty-two week high of C$40.62.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, June 2nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver’s payout ratio is -289.52%.

Wall Street Analyst Weigh In

Separately, National Bankshares boosted their target price on Pan American Silver from C$45.25 to C$52.50 and gave the stock an “outperform” rating in a research report on Wednesday, April 2nd.

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.