Pan American Silver (TSE:PAAS) Trading 7.7% Higher - Here's Why

Key Points

• Pan American Silver's stock price surged 7.7% to C$40.14, with trading volume up 54% compared to its average, suggesting increased investor interest.
• The company announced a quarterly dividend of $0.10 per share, making it an annualized dividend of $0.40, with a dividend yield of 1.0%.
• Insiders sold 53,983 shares of the company's stock worth approximately $2.11 million in the last 90 days, indicating potential caution among company leadership.

Pan American Silver Corp. (TSE:PAAS - )'s stock price was up 7.7% on Tuesday . The stock traded as high as C$40.19 and last traded at C$40.14. Approximately 1,477,323 shares traded hands during trading, an increase of 54% from the average daily volume of 958,132 shares. The stock had previously closed at C$37.28.

Pan American Silver Price Performance

The company has a debt-to-equity ratio of 17.60, a current ratio of 2.06 and a quick ratio of 0.88. The stock has a market capitalization of C$10.25 billion, a PE ratio of -215.21, a P/E/G ratio of 24.57 and a beta of 1.40. The stock's fifty day moving average is C$38.84 and its 200-day moving average is C$36.19.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, June 2nd were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. Pan American Silver's dividend payout ratio (DPR) is -289.52%.

Insider Buying and Selling

In related news, 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 value of C$196,303.71. Also, Senior Officer Guido Mastropietro sold 1,289 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of C$39.62, for a total value of C$51,070.18. Insiders have sold 53,983 shares of company stock worth $2,115,496 in the last 90 days. 0.07% of the stock is owned by 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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