Pan American Silver (TSE:PAAS) Stock Price Down 0% on Insider Selling

Pan American Silver Corp. (TSE:PAAS)’s share price fell 0% during mid-day trading on Tuesday following insider selling activity. The company traded as low as C$39.92 and last traded at C$40.75. 1,088,497 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 958,496 shares. The stock had previously closed at C$40.76.

Specifically, Senior Officer Siren Fisekci sold 4,763 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of C$41.21, for a total transaction of C$196,303.71. Also, Senior Officer Matthew Robert Andrews sold 2,006 shares of Pan American Silver stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$41.02, for a total transaction of C$82,291.14. In related news, Senior Officer Matthew Robert Andrews sold 2,000 shares of the firm’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of C$40.12, for a total transaction of C$80,236.00.

Analyst Ratings Changes

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

Pan American Silver Price Performance

The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.60. The firm has a market capitalization of C$10.40 billion, a price-to-earnings ratio of -218.48, a P/E/G ratio of 24.57 and a beta of 1.40. The company’s 50 day moving average is C$37.07 and its 200-day moving average is C$35.27.

Pan American Silver Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.98%. Pan American Silver’s dividend payout ratio (DPR) is -289.52%.

About Pan American Silver

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold.