Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) announced a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Shareholders of record on Monday, August 19th will be given a dividend of 0.062 per share by the basic materials company on Friday, August 30th. This represents a $0.25 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, August 16th.
Pan American Silver has decreased its dividend by an average of 20.2% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Pan American Silver has a payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Pan American Silver to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 23.7%.
PAAS stock opened at $16.72 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.83 and a quick ratio of 2.74. The company has a market capitalization of $3.50 billion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 13.58 and a beta of 0.14. Pan American Silver has a 1 year low of $10.26 and a 1 year high of $17.49. The company has a fifty day moving average of $14.74.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $320.98 million. Pan American Silver had a positive return on equity of 0.60% and a negative net margin of 2.39%. The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. Analysts predict that Pan American Silver will post 0.31 EPS for the current fiscal year.
PAAS has been the topic of a number of recent research reports. BidaskClub upgraded Pan American Silver from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. TD Securities raised their target price on Pan American Silver from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research raised Pan American Silver from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $16.54.
Pan American Silver Company Profile
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.
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