Pan American Silver Corp. (NYSE:PAAS) Announces Quarterly Dividend of $0.18

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.18 per share by the basic materials company on Monday, June 1st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, May 19th.

Pan American Silver has raised its dividend by an average of 0.2%per year 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 38.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Pan American Silver to earn $5.17 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 13.9%.

Pan American Silver Stock Up 10.9%

Pan American Silver stock traded up $5.48 during trading hours on Wednesday, hitting $56.00. 5,762,392 shares of the stock traded hands, compared to its average volume of 7,566,924. The firm’s 50-day moving average price is $56.79 and its two-hundred day moving average price is $51.44. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The company has a market cap of $23.60 billion, a PE ratio of 22.38, a PEG ratio of 0.42 and a beta of 0.65. Pan American Silver has a one year low of $22.08 and a one year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.03. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm posted $0.42 EPS. The business’s revenue was up 49.3% on a year-over-year basis. On average, research analysts forecast that Pan American Silver will post 4.45 EPS for the current year.

Analysts Set New Price Targets

PAAS has been the subject of a number of research reports. Scotiabank boosted their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Jefferies Financial Group decreased their target price on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.67.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.