Pan American Silver (TSE:PAAS) Issues Quarterly Earnings Results

Pan American Silver (TSE:PAAS) announced its quarterly earnings results on Wednesday. The company reported C$1.04 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$1.60 billion for the quarter. Pan American Silver had a net margin of 31.69% and a return on equity of 19.65%.

Pan American Silver Stock Down 0.5%

Shares of TSE:PAAS traded down C$0.34 during midday trading on Friday, hitting C$65.61. 428,439 shares of the stock were exchanged, compared to its average volume of 1,031,099. The company has a debt-to-equity ratio of 11.49, a quick ratio of 0.88 and a current ratio of 2.84. Pan American Silver has a 52-week low of C$42.43 and a 52-week high of C$95.39. The company has a market capitalization of C$27.64 billion, a PE ratio of 20.70, a P/E/G ratio of 24.57 and a beta of 1.98. The business’s fifty day simple moving average is C$64.70 and its two-hundred day simple moving average is C$73.63.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, June 1st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s payout ratio is 17.03%.

Analyst Ratings Changes

Several analysts have recently commented on PAAS shares. TD raised Pan American Silver from a “hold” rating to a “buy” rating and raised their price target for the company from C$67.00 to C$72.00 in a report on Tuesday, May 12th. BMO Capital Markets boosted their price target on Pan American Silver from C$69.00 to C$85.00 in a research note 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 report on Friday, April 17th. Finally, Scotiabank raised their target price on shares of Pan American Silver from C$65.00 to C$95.00 in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$84.40.

Pan American Silver Company Profile

Pan American is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own a 44% joint venture interest in the producing Juanicipio mine in Mexico, a 100% interest in the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for over three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management.