Pan American Silver (TSE:PAAS) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Pan American Silver Corp. (TSE:PAAS) 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 traded.

Analyst Ratings Changes

Separately, National Bankshares upped their price target on 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 Stock Performance

The firm’s fifty day moving average price is C$30.77 and its 200-day moving average price is C$29.84. The company has a market cap of C$11.27 billion, a P/E ratio of -55.43, a P/E/G ratio of 24.57 and a beta of 1.40. The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.98.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.29%. Pan American Silver’s dividend payout ratio (DPR) is -96.43%.

Insiders Place Their Bets

In other Pan American Silver news, Senior Officer Ignacio Llerena Couturier sold 3,750 shares of Pan American Silver stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$31.40, for a total transaction of C$117,750.00. Corporate insiders own 0.07% of the company’s stock.

About Pan American Silver

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.