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

Pan American Silver Corp. (TSE:PAAS)’s stock price passed 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.

Wall Street Analyst Weigh In

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

Pan American Silver Price Performance

The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 17.98. The company has a 50 day moving average of C$30.77 and a two-hundred day moving average of C$29.86. The firm has a market cap of C$11.27 billion, a P/E ratio of -55.43, a PEG ratio of 24.57 and a beta of 1.40.

Pan American Silver Announces Dividend

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

Insider Buying and Selling

In other news, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of the company’s stock in a transaction 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. 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.