Pan American Silver (TSE:PAAS) Posts Earnings Results

Pan American Silver (TSE:PAAS) issued its quarterly earnings data on Tuesday. The company reported C$1.52 earnings per share for the quarter, FiscalAI reports. Pan American Silver had a return on equity of 16.85% and a net margin of 27.08%.The company had revenue of C$1.85 billion for the quarter.

Pan American Silver Trading Up 17.4%

Shares of TSE:PAAS opened at C$80.97 on Thursday. The business’s 50-day moving average is C$77.75 and its 200 day moving average is C$71.03. The company has a debt-to-equity ratio of 13.39, a current ratio of 2.69 and a quick ratio of 0.88. Pan American Silver has a 1 year low of C$30.82 and a 1 year high of C$95.39. The firm has a market capitalization of C$34.12 billion, a P/E ratio of 31.63, a P/E/G ratio of 24.57 and a beta of 2.04.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, June 1st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, May 19th. Pan American Silver’s dividend payout ratio is currently 17.97%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PAAS. BMO Capital Markets increased their price target on shares of Pan American Silver from C$69.00 to C$85.00 in a research report on Wednesday, April 22nd. National Bank Financial set a C$116.00 price objective on shares of Pan American Silver and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, Jefferies Financial Group decreased their target price on shares of Pan American Silver from C$58.00 to C$54.00 in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Pan American Silver has an average rating of “Buy” and a consensus price target of C$85.00.

Pan American Silver Company Profile

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.