Pan American Silver Corp. (TSE:PAAS) Director Ross J. Beaty bought 170,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was bought at an average price of C$13.95 per share, with a total value of C$2,371,789.00. Following the completion of the acquisition, the director now owns 2,828,680 shares of the company’s stock, valued at approximately C$39,464,894.76.
PAAS traded down C$0.49 during trading on Wednesday, hitting C$13.86. 339,877 shares of the company’s stock were exchanged, compared to its average volume of 411,123. The company has a quick ratio of 1.15, a current ratio of 3.83 and a debt-to-equity ratio of 15.95. Pan American Silver Corp. has a 1 year low of C$13.83 and a 1 year high of C$24.22. The company has a market cap of $3.07 billion and a P/E ratio of -577.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.035 per share. The ex-dividend date is Friday, May 17th. This represents a $0.14 annualized dividend and a yield of 1.01%. Pan American Silver’s dividend payout ratio is currently -583.33%.
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About Pan American Silver
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.
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