Pan American Silver (TSE:PAAS) Shares Down 4.1% – Time to Sell?

Pan American Silver Corp. (TSE:PAAS) dropped 4.1% during trading on Tuesday. The company traded as low as C$62.97 and last traded at C$63.34. 765,993 shares were traded during trading, a decline of 23% from the average session volume of 1,000,264 shares. The stock had previously closed at C$66.05.

Analysts Set New Price Targets

Separately, Scotiabank raised their target price on Pan American Silver from C$65.00 to C$95.00 in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$84.40.

Pan American Silver Stock Performance

The stock has a 50-day simple moving average of C$68.75 and a 200-day simple moving average of C$70.09. The company has a market capitalization of C$25.78 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 24.57 and a beta of 2.07. The company has a current ratio of 2.94, a quick ratio of 0.88 and a debt-to-equity ratio of 11.43.

Pan American Silver (TSE:PAAS) last released its earnings results on Wednesday, August 12th. The company reported C$1.04 earnings per share for the quarter. Pan American Silver had a net margin of 32.06% and a return on equity of 19.61%. The company had revenue of C$1.60 billion during the quarter. On average, analysts anticipate that Pan American Silver Corp. will post 1.92 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, September 4th were paid a dividend of $0.1840 per share. This represents a $0.74 annualized dividend and a yield of 1.2%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 24th. Pan American Silver’s dividend payout ratio (DPR) is 18.34%.

About Pan American Silver

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.