Pan American Silver Corp. (PAAS) to Issue Quarterly Dividend of $0.18 on June 1st

Pan American Silver Corp. (NYSE:PAAS – Get Free Report) (TSE:PAAS) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.18 per share by the basic materials company on Monday, June 1st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, May 19th.

Pan American Silver has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 2 years. Pan American Silver has a dividend payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pan American Silver to earn $5.35 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 13.5%.

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Pan American Silver Stock Down 7.6%

PAAS stock opened at $56.42 on Friday. The stock has a market capitalization of $23.77 billion, a P/E ratio of 18.14, a PEG ratio of 0.45 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. Pan American Silver has a one year low of $22.17 and a one year high of $69.99. The company has a 50 day moving average price of $55.98 and a two-hundred day moving average price of $52.60.

Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company earned $0.42 EPS. The business’s quarterly revenue was up 49.3% compared to the same quarter last year. As a group, sell-side analysts expect that Pan American Silver will post 4.57 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on PAAS. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday. Wall Street Zen cut shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Monday, May 11th. Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. Finally, TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and boosted their price objective for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

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Pan American Silver Company Profile

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Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.

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