Pan American Silver (TSE:PAAS) Shares Down 14% - Here's Why

Pan American Silver Corp. (TSE:PAAS - Get Free Report)'s stock price was down 14% during trading on Monday . The company traded as low as C$32.18 and last traded at C$32.58. Approximately 559,641 shares traded hands during trading, a decline of 33% from the average daily volume of 838,467 shares. The stock had previously closed at C$37.90.

Analysts Set New Price Targets

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

Pan American Silver Stock Performance

The business's 50-day simple moving average is C$35.49 and its two-hundred day simple moving average is C$33.44. The firm has a market cap of C$8.14 billion, a price-to-earnings ratio of -170.93, a P/E/G ratio of 24.57 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 17.60.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.25%. Pan American Silver's dividend payout ratio is currently -289.52%.

Insider Transactions at Pan American Silver

In other news, Senior Officer Christopher Emerson sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of C$36.35, for a total value of C$145,394.00. Also, Senior Officer Martin Wafforn sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$36.02, for a total transaction of C$720,496.00. Corporate insiders own 0.07% of the company's stock.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.