Pan American Silver (TSE:PAAS) Shares Down 1.6% - Here's Why

Key Points

• Pan American Silver's stock fell 1.6% to C$54.92, with trading volumes down 10% from the daily average, reflecting market volatility.
• BMO Capital Markets increased its price target for the stock from C$38.00 to C$45.00, while National Bankshares raised its target from C$52.50 to C$62.00, maintaining an "outperform" rating.
• The company recently increased its quarterly dividend to $0.12 per share, up from $0.10, indicating a growing commitment to return value to shareholders.

Pan American Silver Corp. (TSE:PAAS - Get Free Report)'s stock price was down 1.6% during mid-day trading on Tuesday . The stock traded as low as C$54.66 and last traded at C$54.92. Approximately 943,236 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 1,051,139 shares. The stock had previously closed at C$55.84.

Analyst Upgrades and Downgrades

PAAS has been the subject of a number of research reports. BMO Capital Markets increased their price target on Pan American Silver from C$38.00 to C$45.00 in a research note on Friday, September 5th. National Bankshares upped their target price on shares of Pan American Silver from C$52.50 to C$62.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Pan American Silver currently has an average rating of "Buy" and an average target price of C$53.50.

Pan American Silver Price Performance

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 firm has a market capitalization of C$23.18 billion, a P/E ratio of 37.88, a P/E/G ratio of 24.57 and a beta of 1.22. The stock's 50 day simple moving average is C$47.20 and its 200 day simple moving average is C$40.37.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 29th were paid a dividend of $0.12 per share. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 18th. Pan American Silver's dividend payout ratio is presently 27.59%.

Insiders Place Their Bets

In other Pan American Silver news, Senior Officer Matthew Robert Andrews sold 2,006 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of C$41.02, for a total transaction of C$82,291.14. Also, Senior Officer Siren Fisekci sold 4,763 shares of Pan American Silver stock in a transaction dated Monday, July 14th. The stock was sold at an average price of C$41.21, for a total transaction of C$196,303.71. Insiders have sold a total of 10,058 shares of company stock worth $409,901 in the last ninety days. 0.07% of the stock is owned by corporate insiders.

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.

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