Pan American Silver (TSE:PAAS) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Pan American Silver Corp. (TSE:PAAS) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$78.39 and traded as low as C$70.52. Pan American Silver shares last traded at C$71.08, with a volume of 1,415,963 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently commented on PAAS. Jefferies Financial Group lowered their target price on Pan American Silver from C$58.00 to C$54.00 in a research report on Wednesday, January 21st. National Bank Financial set a C$116.00 target price on Pan American Silver and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, BMO Capital Markets raised their target price on Pan American Silver from C$69.00 to C$85.00 in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$85.00.

Pan American Silver Stock Down 1.0%

The company has a current ratio of 2.69, a quick ratio of 0.88 and a debt-to-equity ratio of 13.39. The firm has a market capitalization of C$29.67 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 24.57 and a beta of 1.99. The stock has a fifty day moving average of C$78.39 and a 200-day moving average of C$70.60.

Pan American Silver (TSE:PAAS) last issued its earnings results on Wednesday, February 18th. The company reported C$1.52 earnings per share (EPS) for the quarter. The business had revenue of C$1.62 billion for the quarter. Pan American Silver had a return on equity of 16.85% and a net margin of 27.08%. As a group, sell-side analysts expect that Pan American Silver Corp. will post 1.9192235 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, March 13th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. Pan American Silver’s payout ratio is 17.97%.

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.