Insider Selling: Pan American Silver (TSE:PAAS) Insider Sells 1,000 Shares of Stock

Pan American Silver Corp. (TSE:PAAS) insider Guido Mastropietro sold 1,000 shares of Pan American Silver stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of C$87.50, for a total transaction of C$87,500.00. Following the completion of the sale, the insider owned 2,572 shares in the company, valued at approximately C$225,050. This trade represents a 28.00% decrease in their position.

Pan American Silver Stock Down 0.3%

Shares of PAAS stock traded down C$0.22 during mid-day trading on Wednesday, reaching C$87.20. 773,759 shares of the company’s stock traded hands, compared to its average volume of 1,113,552. Pan American Silver Corp. has a 12 month low of C$30.82 and a 12 month high of C$95.39. The company has a market cap of C$36.74 billion, a P/E ratio of 27.51, a P/E/G ratio of 24.57 and a beta of 2.04. The company has a quick ratio of 0.88, a current ratio of 2.84 and a debt-to-equity ratio of 11.49. The company’s 50-day moving average price is C$77.05 and its 200-day moving average price is C$72.16.

Pan American Silver (TSE:PAAS) last announced its earnings results on Tuesday, May 5th. The company reported C$1.52 EPS for the quarter. Pan American Silver had a net margin of 31.69% and a return on equity of 19.65%. The firm had revenue of C$1.85 billion for the quarter. On average, equities analysts expect that Pan American Silver Corp. will post 1.9192235 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, June 1st will be paid a $0.18 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. Pan American Silver’s payout ratio is presently 17.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PAAS shares. BMO Capital Markets boosted their target price on Pan American Silver from C$69.00 to C$85.00 in a research report on Wednesday, April 22nd. Jefferies Financial Group cut their target price on shares of Pan American Silver from C$58.00 to C$54.00 in a research report on Wednesday, January 21st. TD raised shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their target price for the stock from C$67.00 to C$72.00 in a report on Tuesday. Finally, National Bank Financial set a C$116.00 target price on shares of Pan American Silver and gave the stock an “outperform” rating in a report on Friday, April 17th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$81.75.

Pan American Silver Company Profile

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.