Pan American Silver (TSE:PAAS) Stock Price Down 1.5% – Here’s What Happened

Shares of Pan American Silver Corp. (TSE:PAAS) traded down 1.5% during trading on Friday . The company traded as low as C$32.01 and last traded at C$32.08. 781,039 shares changed hands during trading, an increase of 2% from the average session volume of 764,669 shares. The stock had previously closed at C$32.56.

Pan American Silver Stock Performance

The firm has a market cap of C$11.65 billion, a price-to-earnings ratio of -57.29, a P/E/G ratio of 24.57 and a beta of 1.40. The stock has a 50 day moving average of C$29.43 and a 200 day moving average of C$28.58. The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 17.98.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, August 19th. Pan American Silver’s dividend payout ratio is presently -96.43%.

Insiders Place Their Bets

In other Pan American Silver news, Senior Officer Christopher Emerson sold 2,000 shares of Pan American Silver stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$31.11, for a total value of C$62,222.60. 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.