Pan American Silver (TSE:PAAS) Stock Price Down 1.4% – Time to Sell?

Pan American Silver Corp. (TSE:PAAS) was down 1.4% during trading on Tuesday. The company traded as low as C$53.36 and last traded at C$53.70. 1,267,460 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 1,003,401 shares. The stock had previously closed at C$54.47.

Wall Street Analysts Forecast Growth

Separately, Scotiabank increased their price objective on shares of Pan American Silver from C$65.00 to C$95.00 in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$84.40.

Pan American Silver Stock Performance

The firm has a market capitalization of C$22.26 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 24.57 and a beta of 2.07. The stock has a 50-day moving average of C$65.50 and a 200 day moving average of C$71.67. The company has a debt-to-equity ratio of 11.43, a quick ratio of 0.88 and a current ratio of 2.94.

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

Pan American Silver Increases Dividend

The firm 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 1.4%. The ex-dividend date of this dividend was Monday, August 24th. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. 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.