Insider Selling: Pan American Silver Corp. (TSE:PAAS) Senior Officer Sells 2,006 Shares of Stock

Pan American Silver Corp. (TSE:PAAS - Get Free Report) Senior Officer Matthew Robert Andrews sold 2,006 shares of the business's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of C$41.02, for a total value of C$82,291.14.

Matthew Robert Andrews also recently made the following trade(s):

• On Thursday, July 10th, Matthew Robert Andrews sold 2,000 shares of Pan American Silver stock. The shares were sold at an average price of C$40.12, for a total value of C$80,236.00.
• On Thursday, July 3rd, Matthew Robert Andrews sold 3,000 shares of Pan American Silver stock. The shares were sold at an average price of C$38.95, for a total value of C$116,845.20.
• On Wednesday, May 28th, Matthew Robert Andrews sold 1,820 shares of Pan American Silver stock. The shares were sold at an average price of C$33.62, for a total value of C$61,183.49.

Pan American Silver Trading Down 2.8%

Shares of TSE:PAAS traded down C$1.16 during midday trading on Wednesday, hitting C$39.59. 999,978 shares of the stock were exchanged, compared to its average volume of 958,801. The stock has a market capitalization of C$10.10 billion, a price-to-earnings ratio of -212.26, a P/E/G ratio of 24.57 and a beta of 1.40. The company has a debt-to-equity ratio of 17.60, a quick ratio of 0.88 and a current ratio of 2.06. The business's 50-day moving average price is C$37.18 and its 200 day moving average price is C$35.30. Pan American Silver Corp. has a 12 month low of C$24.96 and a 12 month high of C$42.45.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, June 2nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.01%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently -289.52%.

Wall Street Analysts Forecast Growth

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

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.