Pan American Silver (TSE:PAAS) Insider Sells C$87,500.00 in Stock

Pan American Silver Corp. (TSE:PAAS) insider Guido Mastropietro sold 1,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$87.50, for a total value of C$87,500.00. Following the transaction, the insider owned 2,572 shares of the company’s stock, valued at approximately C$225,050. This represents a 28.00% decrease in their ownership of the stock.

Pan American Silver Trading Down 0.3%

Shares of TSE PAAS traded down C$0.22 during mid-day trading on Wednesday, reaching C$87.20. 773,759 shares of the company’s stock were exchanged, compared to its average volume of 1,113,552. The company’s 50-day moving average is C$77.05 and its 200-day moving average is C$72.16. Pan American Silver Corp. has a 52-week low of C$30.82 and a 52-week high of C$95.39. The company has a debt-to-equity ratio of 11.49, a quick ratio of 0.88 and a current ratio of 2.84. The firm has a market capitalization of C$36.74 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 24.57 and a beta of 2.04.

Pan American Silver (TSE:PAAS) last posted its earnings results on Tuesday, May 5th. The company reported C$1.52 earnings per share (EPS) for the quarter. Pan American Silver had a return on equity of 19.65% and a net margin of 31.69%.The firm had revenue of C$1.85 billion for the quarter. Analysts expect that Pan American Silver Corp. will post 1.9192235 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, June 1st will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. Pan American Silver’s dividend payout ratio (DPR) is currently 17.03%.

Analyst Ratings Changes

PAAS has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on Pan American Silver from C$69.00 to C$85.00 in a report on Wednesday, April 22nd. TD upgraded Pan American Silver from a “hold” rating to a “buy” rating and lifted their target price for the company from C$67.00 to C$72.00 in a research note on Tuesday. Jefferies Financial Group decreased their price target on Pan American Silver from C$58.00 to C$54.00 in a research note on Wednesday, January 21st. Finally, National Bank Financial set a C$116.00 target price on Pan American Silver and gave the stock an “outperform” rating in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Pan American Silver has an average rating of “Buy” and a consensus price target of C$81.75.

Pan American Silver Company Profile

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. Pan American Silver is based in British Columbia.