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

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

Pan American Silver Stock Performance

Pan American Silver stock opened at C$30.57 on Wednesday. The company has a debt-to-equity ratio of 17.60, a quick ratio of 0.88 and a current ratio of 2.06. The company has a market capitalization of C$7.80 billion, a PE ratio of -163.90, a P/E/G ratio of 24.57 and a beta of 1.40. The company has a 50 day moving average price of C$35.43 and a 200-day moving average price of C$32.21. Pan American Silver has a fifty-two week low of C$22.61 and a fifty-two week high of C$39.20.

Pan American Silver Dividend Announcement

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

Insider Activity

In related news, Senior Officer Martin Wafforn sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$36.02, for a total transaction of C$720,496.00. Also, Senior Officer Guido Mastropietro sold 1,500 shares of Pan American Silver stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of C$31.54, for a total value of C$47,314.95. Over the last 90 days, insiders have sold 26,047 shares of company stock worth $930,080. Company 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.