Pan American Silver Corp. Senior Officer Sells Shares Worth C$129,183.36

On December 9th, senior officer Alan Scott Campbell of Pan American Silver Corp. (TSE:PAAS - Get Free Report) executed a sale of 3,904 shares of the company's stock. This transaction was conducted at an average price of C$33.09 per share, culminating in a total value of C$129,183.36.

Pan American Silver Stock Performance

On Thursday, shares of Pan American Silver (TSE:PAAS) dropped by 3.8%, closing down C$1.37 to reach a price of C$34.53. The trading volume for the day was reported at 1,014,030 shares, which is higher than the average trading volume of 734,120 shares. The company maintains a quick ratio of 0.88 and a current ratio of 2.06, with a debt-to-equity ratio standing at 17.60. Pan American Silver Corp. boasts a market capitalization of C$8.81 billion and has a price-to-earnings ratio of -185.13, alongside a P/E/G ratio of 24.57 and a beta value of 1.40. Over the past year, the stock has seen a low of C$16.56 and a high of C$36.59, while its 50-day simple moving average is at C$32.35 and the 200-day simple moving average is C$30.74.

Analyst Ratings Update

In a recent research report, National Bankshares lowered their price target for Pan American Silver shares from C$47.25 to C$45.25, while retaining an "outperform" rating for the company.

Company Overview

Pan American Silver Corp. is involved in the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper resources across several countries, including Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was previously known as Pan American Minerals Corp. and later adopted its current name.

Investment Considerations

Before making an investment in Pan American Silver, it is advised to consider the views of top analysts. Currently, although the stock holds a Buy rating from analysts, there are five other stocks that top-performing analysts recommend over Pan American Silver.

For those interested in alternative investment strategies, resources like a Gold Forecasting Report could be beneficial. This report addresses the enduring value of gold as a secure asset in unpredictable economic conditions.

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