Pan American Silver (TSE:PAAS) Trading 6.4% Higher

Pan American Silver Corp. (TSE:PAAS)’s share price was up 6.4% during trading on Thursday . The company traded as high as C$27.57 and last traded at C$27.25. Approximately 206,684 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 768,102 shares. The stock had previously closed at C$25.60.

Analyst Ratings Changes

Separately, National Bankshares increased their target price on shares of Pan American Silver from C$32.00 to C$34.50 and gave the stock an “outperform” rating in a research note on Friday, April 19th.

Pan American Silver Trading Up 9.6 %

The stock’s 50 day simple moving average is C$22.41 and its 200 day simple moving average is C$20.62. The company has a debt-to-equity ratio of 17.25, a quick ratio of 0.88 and a current ratio of 2.23. The firm has a market cap of C$10.24 billion, a PE ratio of -63.09, a PEG ratio of 24.57 and a beta of 1.41.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. Pan American Silver’s dividend payout ratio (DPR) is presently -122.73%.

Insider Buying and Selling

In related news, Senior Officer Sean Mcaleer acquired 17,601 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of C$13.33 per share, for a total transaction of C$234,621.33. In other Pan American Silver news, Director Gillian Winckler acquired 3,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average price of C$17.02 per share, for a total transaction of C$51,060.00. Also, Senior Officer Sean Mcaleer bought 17,601 shares of Pan American Silver stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of C$13.33 per share, for a total transaction of C$234,621.33. 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.