Key Points
- Insider sale: Pan American Silver insider Guido Mastropietro sold 1,000 shares on May 13 at an average price of C$87.50, totaling C$87,500. After the transaction, he still held 2,572 shares.
- Strong recent operating results: The company reported quarterly earnings of C$1.52 per share on revenue of C$1.85 billion, with a net margin of 31.69% and return on equity of 19.65%.
- Dividend and analyst sentiment: Pan American Silver declared a quarterly dividend of C$0.18 per share, and analysts currently rate the stock a Buy on average with a consensus target price of C$81.75.
Pan American Silver Corp. (TSE:PAAS - Get Free Report) insider Guido Mastropietro sold 1,000 shares of Pan American Silver 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 value of C$87,500.00. Following the sale, the insider directly owned 2,572 shares of the company's stock, valued at approximately C$225,050. The trade was a 28.00% decrease in their ownership of the stock.
Pan American Silver Stock Performance
TSE:PAAS opened at C$87.20 on Thursday. The stock has a market cap of C$36.74 billion, a P/E ratio of 27.51, a PEG ratio of 24.57 and a beta of 2.04. The stock has a 50 day simple moving average of C$77.05 and a 200 day simple moving average of C$72.16. The company has a current ratio of 2.84, a quick ratio of 0.88 and a debt-to-equity ratio of 11.49. Pan American Silver Corp. has a 1-year low of C$30.82 and a 1-year high of C$95.39.
Pan American Silver (TSE:PAAS - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$1.52 earnings per share for the quarter. The business had revenue of C$1.85 billion during the quarter. Pan American Silver had a return on equity of 19.65% and a net margin of 31.69%. Research analysts anticipate that Pan American Silver Corp. will post 1.9192235 earnings per share for the current 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 issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 19th. Pan American Silver's dividend payout ratio (DPR) is presently 17.03%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on PAAS shares. TD raised Pan American Silver from a "hold" rating to a "buy" rating and lifted their price target for the stock from C$67.00 to C$72.00 in a report on Tuesday. BMO Capital Markets lifted their price target on Pan American Silver from C$69.00 to C$85.00 in a report on Wednesday, April 22nd. National Bank Financial set a C$116.00 price objective on Pan American Silver and gave the company an "outperform" rating in a report on Friday, April 17th. Finally, Jefferies Financial Group dropped their price objective on Pan American Silver from C$58.00 to C$54.00 in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$81.75.
Check Out Our Latest Research Report on Pan American Silver
About Pan American Silver
(
Get Free Report)
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.
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