Pan American Silver (TSE:PAAS) Trading 7.7% Higher - What's Next?

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 - Get Free Report)'s share price shot up 7.7% during trading on Tuesday . The stock traded as high as C$40.19 and last traded at C$40.14. 1,477,323 shares were traded during trading, an increase of 54% from the average session volume of 958,132 shares. The stock had previously closed at C$37.28.

Pan American Silver Stock Performance

The firm's fifty day moving average price is C$39.38 and its 200 day moving average price is C$36.39. The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.60. The firm has a market capitalization of C$11.22 billion, a PE ratio of -235.69, a PEG ratio of 24.57 and a beta of 1.40.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, June 2nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's payout ratio is currently -289.52%.

Insider Buying and Selling at Pan American Silver

In other news, Senior Officer Cameron Paterson sold 5,538 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of C$39.21, for a total transaction of C$217,152.18. Also, Senior Officer Matthew Robert Andrews sold 3,000 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of C$38.95, for a total transaction of C$116,845.20. Insiders sold a total of 53,983 shares of company stock worth $2,115,496 over the last 90 days. 0.07% of the stock is currently 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.