Pan American Silver (TSE:PAAS) Price Target Raised to C$52.50

Pan American Silver (TSE:PAAS) had its price target increased by National Bankshares from C$45.25 to C$52.50 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Pan American Silver Stock Down 11.2 %

Shares of PAAS opened at C$30.57 on Wednesday. The company has a debt-to-equity ratio of 17.60, a current ratio of 2.06 and a quick ratio of 0.88. The stock has a market capitalization of C$7.80 billion, a price-to-earnings ratio of -163.90, a price-to-earnings-growth ratio of 24.57 and a beta of 1.40. Pan American Silver has a 1 year low of C$22.61 and a 1 year high of C$39.20. The business’s 50 day simple moving average is C$35.43 and its 200-day simple moving average is C$32.21.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.31%. Pan American Silver’s payout ratio is currently -289.52%.

Insider Transactions at Pan American Silver

In other news, Senior Officer Christopher Emerson sold 4,000 shares of Pan American Silver stock in a transaction that occurred on Wednesday, March 12th. The stock was 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 stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$36.02, for a total value of C$720,496.00. Insiders have sold a total of 26,047 shares of company stock worth $930,080 in the last three months. 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.