Pan American Silver (TSE:PAAS) Releases Earnings Results

Pan American Silver (TSE:PAAS) posted its quarterly earnings results on Wednesday. The company reported C$1.52 EPS for the quarter, FiscalAI reports. The company had revenue of C$1.57 billion during the quarter. Pan American Silver had a negative return on equity of 1.02% and a negative net margin of 1.78%.

Pan American Silver Stock Performance

Shares of PAAS stock opened at C$79.53 on Thursday. The firm has a market capitalization of C$33.57 billion, a price-to-earnings ratio of 45.97, a PEG ratio of 24.57 and a beta of 1.65. The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.60. The business’s 50-day moving average price is C$76.19 and its 200-day moving average price is C$59.96. Pan American Silver has a 12 month low of C$29.31 and a 12 month high of C$95.39.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, December 5th were given a $0.14 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, November 24th. Pan American Silver’s dividend payout ratio is 24.28%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered their target price on Pan American Silver from C$58.00 to C$54.00 in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$53.67.

About Pan American Silver

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.