Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was up 1.2% during trading on Friday following a dividend announcement from the company. The company traded as high as $18.17 and last traded at $17.42, with a volume of 1,300,999 shares changing hands. The stock had previously closed at $17.64.

The newly announced dividend which will be paid on Friday, September 1st. Stockholders of record on Monday, August 21st will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, August 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.57%. Pan American Silver Corp.’s payout ratio is 12.82%.

A number of equities research analysts have recently commented on PAAS shares. TD Securities reaffirmed a “buy” rating on shares of Pan American Silver Corp. in a research note on Wednesday, May 10th. Zacks Investment Research raised shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $22.00 price objective on shares of Pan American Silver Corp. in a research note on Tuesday, May 30th. TheStreet cut shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research note on Friday, July 28th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $17.50 price objective on shares of Pan American Silver Corp. in a research note on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Pan American Silver Corp. presently has an average rating of “Hold” and a consensus target price of $19.83.

The stock’s 50 day moving average price is $16.53 and its 200-day moving average price is $17.50. The company has a market cap of $2.67 billion, a PE ratio of 22.257 and a beta of 0.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. The company had revenue of $201.30 million during the quarter, compared to analyst estimates of $184.96 million. Pan American Silver Corp. had a return on equity of 6.23% and a net margin of 14.62%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. Equities analysts expect that Pan American Silver Corp. will post $0.48 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Pan American Silver Corp. during the first quarter valued at approximately $164,000. Alliancebernstein L.P. purchased a new position in shares of Pan American Silver Corp. during the second quarter valued at approximately $170,000. Sigma Planning Corp purchased a new position in shares of Pan American Silver Corp. during the second quarter valued at approximately $181,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Pan American Silver Corp. during the second quarter valued at approximately $189,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Pan American Silver Corp. by 21.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,560 shares of the basic materials company’s stock valued at $237,000 after buying an additional 2,422 shares during the last quarter. Institutional investors own 49.98% of the company’s stock.

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About Pan American Silver Corp.

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

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