Pan American Silver Corp. (TSE:PAAS) Director Sells C$340,368.00 in Stock
Pan American Silver Corp. (TSE:PAAS) Director Michael Louis Carroll sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of C$42.55, for a total value of C$340,368.00. Following the completion of the sale, the director now directly owns 40,613 shares of the company’s stock, valued at approximately C$1,727,920.70.
PAAS traded down C$0.35 during trading hours on Tuesday, reaching C$38.67. The company’s stock had a trading volume of 500,020 shares, compared to its average volume of 897,447. Pan American Silver Corp. has a 52 week low of C$14.22 and a 52 week high of C$41.40. The company’s 50-day moving average is C$36.46 and its 200-day moving average is C$30.00. The company has a debt-to-equity ratio of 13.43, a quick ratio of 1.55 and a current ratio of 2.95. The firm has a market cap of $8.12 billion and a PE ratio of 274.26.
A number of research firms recently weighed in on PAAS. National Bank Financial increased their price target on Pan American Silver from C$36.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Thursday, May 21st. Scotiabank dropped their price target on Pan American Silver from C$24.00 to C$14.00 in a research note on Tuesday, March 24th. Finally, Pi Financial increased their price target on Pan American Silver from C$37.00 to C$40.00 and gave the company a “buy” rating in a research note on Friday, May 29th.
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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