National Bank Financial Boosts Pan American Silver (TSE:PAAS) Price Target to C$26.00

Pan American Silver (TSE:PAAS) had its target price boosted by National Bank Financial from C$25.00 to C$26.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, Pi Financial upped their price target on shares of Pan American Silver from C$23.25 to C$25.25 in a research note on Wednesday, July 24th.

Pan American Silver stock opened at C$22.26 on Monday. Pan American Silver has a twelve month low of C$13.83 and a twelve month high of C$23.27. The firm has a 50 day moving average price of C$20.31 and a 200-day moving average price of C$17.77. The company has a market capitalization of $4.72 billion and a P/E ratio of -178.08. The company has a quick ratio of 1.31, a current ratio of 4.09 and a debt-to-equity ratio of 16.52.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 30th will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Friday, August 16th. Pan American Silver’s payout ratio is currently -112.00%.

In other Pan American Silver news, Senior Officer Steven Busby sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$23.03, for a total value of C$92,120.00. Following the sale, the insider now directly owns 80,690 shares in the company, valued at approximately C$1,858,290.70. Also, Senior Officer Alun Robert Doyle sold 18,434 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$22.05, for a total transaction of C$406,469.70. Following the completion of the sale, the insider now owns 50,166 shares in the company, valued at C$1,106,160.30. Insiders have sold a total of 34,102 shares of company stock worth $698,941 over the last 90 days.

Pan American Silver Company Profile

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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