Pan American Silver Corp. (PAAS) Director Ross J. Beaty Buys 170,000 Shares

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%.

PAAS has been the subject of several research reports. Pi Financial boosted their price objective on shares of Pan American Silver from C$23.00 to C$23.50 in a research note on Monday, March 25th. BMO Capital Markets reiterated an “outperform” rating and set a C$20.00 price objective on shares of Pan American Silver in a research note on Wednesday, January 23rd. B. Riley reiterated a “neutral” rating and set a C$12.50 price objective on shares of Pan American Silver in a research note on Friday, March 1st. National Bank Financial reiterated a “sector perform” rating and set a C$23.00 price objective on shares of Pan American Silver in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Pan American Silver from C$23.00 to C$26.00 in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Pan American Silver has a consensus rating of “Hold” and an average target price of C$21.00.

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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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