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

Pan American Silver Corp. (TSE:PAAS) announced a quarterly dividend on Tuesday, May 19th, TickerTech Dividends reports. Shareholders of record on Monday, June 1st will be paid a dividend of 0.18 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, May 19th.

Pan American Silver Trading Down 7.5%

Shares of PAAS opened at C$77.61 on Friday. The stock has a market capitalization of C$32.70 billion, a P/E ratio of 24.48, a PEG ratio of 24.57 and a beta of 2.04. The company has a quick ratio of 0.88, a current ratio of 2.84 and a debt-to-equity ratio of 11.49. The firm has a fifty day simple moving average of C$76.90 and a two-hundred day simple moving average of C$72.43. Pan American Silver has a twelve month low of C$30.94 and a twelve month high of C$95.39.

Pan American Silver (TSE:PAAS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$1.52 earnings per share for the quarter. The business had revenue of C$1.85 billion during the quarter. Pan American Silver had a net margin of 31.69% and a return on equity of 19.65%. On average, research analysts anticipate that Pan American Silver will post 1.9192235 EPS for the current year.

Wall Street Analyst Weigh In

PAAS has been the subject of several analyst reports. TD raised shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their price target for the company from C$67.00 to C$72.00 in a research report on Tuesday, May 12th. National Bank Financial set a C$116.00 target price on shares of Pan American Silver and gave the stock an “outperform” rating in a research report on Friday, April 17th. Jefferies Financial Group dropped 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. Finally, BMO Capital Markets raised their target price on shares of Pan American Silver from C$69.00 to C$85.00 in a research report on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$81.75.

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.