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

Pan American Silver (TSE:PAAS) released its earnings results 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 Price Performance

PAAS traded up C$4.36 on Wednesday, reaching C$58.06. The stock had a trading volume of 1,661,222 shares, compared to its average volume of 1,006,504. The company has a current ratio of 2.94, a quick ratio of 0.88 and a debt-to-equity ratio of 11.43. The company has a market capitalization of C$24.07 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 24.57 and a beta of 2.07. Pan American Silver has a fifty-two week low of C$47.12 and a fifty-two week high of C$95.39. The firm has a 50-day moving average of C$65.50 and a 200-day moving average of C$71.67.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, September 4th were issued a $0.1840 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 1.3%. 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 payout ratio is currently 18.34%.

Analyst Ratings Changes

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

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.