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

Pan American Silver (TSE:PAAS) announced its quarterly earnings data on Wednesday. The company reported C$0.98 earnings per share (EPS) for the quarter, FiscalAI reports. Pan American Silver had a return on equity of 19.61% and a net margin of 32.06%. The firm had revenue of C$1.43 billion for the quarter.

Pan American Silver Stock Down 2.1%

PAAS stock opened at C$56.86 on Friday. The firm has a market cap of C$23.58 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 24.57 and a beta of 2.14. Pan American Silver has a 1-year low of C$47.34 and a 1-year high of C$95.39. The firm has a fifty day moving average price of C$64.84 and a two-hundred day moving average price of C$71.47. The company has a debt-to-equity ratio of 11.43, a current ratio of 2.94 and a quick ratio of 0.88.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, September 4th were paid a dividend of $0.1840 per share. The ex-dividend date was Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 1.3%. Pan American Silver’s payout ratio is presently 18.34%.

Analyst Ratings Changes

Separately, Scotiabank lifted their target price on Pan American Silver from C$65.00 to C$95.00 in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.