Pan American Silver (TSE:PAAS) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Pan American Silver Corp. (TSE:PAAS) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$30.77 and traded as low as C$30.30. Pan American Silver shares last traded at C$31.04, with a volume of 589,037 shares trading hands.

Analyst Ratings Changes

Separately, National Bankshares increased their price objective on shares of Pan American Silver from C$44.25 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th.

Pan American Silver Trading Up 0.5 %

The company has a debt-to-equity ratio of 17.98, a current ratio of 2.06 and a quick ratio of 0.88. The business’s 50-day simple moving average is C$30.77 and its two-hundred day simple moving average is C$29.86. The stock has a market capitalization of C$11.27 billion, a price-to-earnings ratio of -55.43, a PEG ratio of 24.57 and a beta of 1.40.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver’s dividend payout ratio is presently -96.43%.

Insider Buying and Selling at Pan American Silver

In other Pan American Silver news, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$31.40, for a total transaction of C$117,750.00. 0.07% of the stock is owned by corporate insiders.

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.