Insider Selling: Pan American Silver (TSE:PAAS) Insider Sells C$87,500.00 in Stock

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

Pan American Silver Price Performance

Shares of TSE PAAS opened at C$77.61 on Friday. The firm has a 50-day simple moving average of C$76.90 and a 200-day simple moving average of C$72.43. The stock has a market capitalization of C$32.70 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth 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. Pan American Silver Corp. has a 52 week low of C$30.94 and a 52 week high of C$95.39.

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

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, June 1st will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, May 19th. Pan American Silver’s dividend payout ratio is 17.03%.

Analyst Ratings Changes

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

About Pan American Silver

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.