Pan American Silver Corp. (NYSE:PAAS) Raises Dividend to $0.18 Per Share

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced a quarterly dividend on Wednesday, February 18th. Investors of record on Monday, March 2nd will be given a dividend of 0.18 per share by the basic materials company on Friday, March 13th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd. This is a 28.6% increase from Pan American Silver’s previous quarterly dividend of $0.14.

Pan American Silver has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 2 years. Pan American Silver has a dividend payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pan American Silver to earn $1.76 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 31.8%.

Pan American Silver Trading Up 4.5%

Shares of Pan American Silver stock traded up $2.60 during trading on Thursday, hitting $60.61. The stock had a trading volume of 1,637,289 shares, compared to its average volume of 8,927,446. Pan American Silver has a 12 month low of $20.55 and a 12 month high of $69.99. The firm’s fifty day simple moving average is $55.53 and its 200-day simple moving average is $43.37. The stock has a market cap of $25.57 billion, a PE ratio of 34.79, a PEG ratio of 0.56 and a beta of 0.66. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 44.7% on a year-over-year basis. As a group, sell-side analysts expect that Pan American Silver will post 1.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Pan American Silver

A number of large investors have recently bought and sold shares of the business. Corient Private Wealth LLC bought a new stake in Pan American Silver during the 4th quarter valued at $634,000. Strive Financial Group LLC bought a new stake in Pan American Silver during the fourth quarter valued at about $145,000. Mercer Global Advisors Inc. ADV grew its stake in Pan American Silver by 17.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,452 shares of the basic materials company’s stock valued at $852,000 after purchasing an additional 2,448 shares during the last quarter. Grand Central Investment Group purchased a new position in Pan American Silver in the fourth quarter valued at about $2,310,000. Finally, NewEdge Advisors LLC raised its holdings in Pan American Silver by 317.3% in the fourth quarter. NewEdge Advisors LLC now owns 40,947 shares of the basic materials company’s stock worth $2,121,000 after purchasing an additional 31,135 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

About Pan American Silver

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.