Pan American Silver (TSE:PAAS) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Pan American Silver Corp. (TSE:PAAS)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$72.42 and traded as low as C$66.85. Pan American Silver shares last traded at C$67.92, with a volume of 265,000 shares trading hands.

Analyst Ratings Changes

A number of brokerages have commented on PAAS. 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 note on Friday, April 17th. TD upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$67.00 to C$72.00 in a report on Tuesday, May 12th. Finally, BMO Capital Markets upped their target price on shares of Pan American Silver from C$69.00 to C$85.00 in a research report on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$81.75.

Pan American Silver Price Performance

The company has a debt-to-equity ratio of 11.49, a quick ratio of 0.88 and a current ratio of 2.84. The company has a market capitalization of C$28.62 billion, a P/E ratio of 21.43, a P/E/G ratio of 24.57 and a beta of 1.86. The firm’s fifty day moving average is C$72.42 and its 200 day moving average is C$75.91.

Pan American Silver (TSE:PAAS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$1.52 earnings per share (EPS) for the quarter. Pan American Silver had a net margin of 31.69% and a return on equity of 19.65%. The business had revenue of C$1.85 billion during the quarter. As a group, 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 declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, June 1st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is presently 17.03%.

Insider Activity

In related news, insider Guido Mastropietro sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 2,572 shares of the company’s stock, valued at approximately C$225,050. This trade represents a 28.00% decrease in their position. Corporate insiders own 0.07% of the company’s stock.

Pan American Silver Company Profile

Pan American is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own a 44% joint venture interest in the producing Juanicipio mine in Mexico, a 100% interest in the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for over three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management.