Pan American Silver Corp. (PAAS) To Go Ex-Dividend on November 24th

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) declared a quarterly dividend on Wednesday, November 12th. Investors of record on Monday, November 24th will be given a dividend of 0.14 per share by the basic materials company on Friday, December 5th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, November 24th. This is a 16.7% increase from Pan American Silver’s previous quarterly dividend of $0.12.

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 25.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Pan American Silver to earn $1.76 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 27.3%.

Pan American Silver Trading Up 1.7%

Shares of PAAS stock opened at $39.04 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The stock has a fifty day simple moving average of $37.15 and a two-hundred day simple moving average of $31.39. The firm has a market capitalization of $16.48 billion, a PE ratio of 26.92, a PEG ratio of 0.44 and a beta of 0.63. Pan American Silver has a 52-week low of $19.80 and a 52-week high of $42.57.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The business had revenue of $854.60 million during the quarter, compared to analysts’ expectations of $867.76 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Pan American Silver’s revenue was up 19.3% on a year-over-year basis. On average, analysts predict that Pan American Silver will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. CIBC upped their target price on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.