Pan American Silver Corp. (TSE:PAAS – Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$28.80 and traded as low as C$28.30. Pan American Silver shares last traded at C$28.43, with a volume of 707,005 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, National Bankshares upped their price objective on Pan American Silver from C$35.25 to C$35.75 and gave the company an “outperform” rating in a report on Monday, June 10th.
Get Our Latest Analysis on Pan American Silver
Pan American Silver Stock Down 1.6 %
Pan American Silver Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Monday, August 19th. Pan American Silver’s payout ratio is -98.18%.
Insider Buying and Selling at Pan American Silver
In other Pan American Silver news, Senior Officer Steven Busby sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of C$21.50, for a total value of C$81,700.00. In other Pan American Silver news, Senior Officer Christopher Emerson sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of C$32.19, for a total value of C$128,740.00. Also, Senior Officer Steven Busby sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of C$21.50, for a total value of C$81,700.00. Insiders have sold a total of 9,426 shares of company stock valued at $257,404 over the last quarter. 0.07% of the stock is owned by company 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.
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