Pan American Silver Corp. (TSE:PAAS – Get Free Report) fell 1.4% on Tuesday. The stock traded as low as C$53.36 and last traded at C$53.70. 1,267,460 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 1,003,401 shares. The stock had previously closed at C$54.47.
Wall Street Analysts Forecast Growth
Separately, Scotiabank boosted their price target on shares of Pan American Silver from C$65.00 to C$95.00 in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$84.40.
Read Our Latest Research Report on PAAS
Pan American Silver Price Performance
The stock has a market cap of C$23.58 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 24.57 and a beta of 2.14. The stock’s 50 day moving average price is C$64.84 and its two-hundred day moving average price is C$71.47. The company has a quick ratio of 0.88, a current ratio of 2.94 and a debt-to-equity ratio of 11.43.
Pan American Silver (TSE:PAAS – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported C$0.98 earnings per share (EPS) for the quarter. Pan American Silver had a net margin of 32.06% and a return on equity of 19.61%. The business had revenue of C$1.43 billion during the quarter. Equities research analysts forecast that Pan American Silver Corp. will post 1.92 EPS for the current fiscal year.
Pan American Silver Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, September 4th were issued a dividend of $0.1840 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.74 annualized dividend and a dividend yield of 1.3%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s payout ratio is currently 18.34%.
About Pan American Silver
Pan American is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own a 44% joint venture interest in the producing Juanicipio mine in Mexico, a 100% interest in the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for over three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management.
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