Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) declared a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Investors of record on Monday, August 19th will be paid a dividend of 0.062 per share by the basic materials company on Friday, August 30th. This represents a $0.25 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, August 16th.
Pan American Silver has decreased its dividend by an average of 20.2% per year over the last three years and has increased its dividend every year for the last 2 years. Pan American Silver has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Pan American Silver to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 23.7%.
PAAS stock traded up $0.28 during midday trading on Wednesday, hitting $17.00. The stock had a trading volume of 88,615 shares, compared to its average volume of 2,528,708. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 43.56, a price-to-earnings-growth ratio of 13.58 and a beta of 0.14. Pan American Silver has a 52 week low of $10.26 and a 52 week high of $17.49. The stock’s 50-day simple moving average is $14.74. The company has a quick ratio of 2.74, a current ratio of 3.83 and a debt-to-equity ratio of 0.15.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $282.90 million during the quarter, compared to analysts’ expectations of $320.98 million. Pan American Silver had a positive return on equity of 0.60% and a negative net margin of 2.39%. Pan American Silver’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period last year, the business earned $0.23 earnings per share. Equities analysts forecast that Pan American Silver will post 0.31 earnings per share for the current fiscal year.
A number of research analysts have issued reports on PAAS shares. BidaskClub raised Pan American Silver from a “hold” rating to a “buy” rating in a report on Friday, July 19th. TD Securities lifted their price objective on Pan American Silver from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, August 9th. Zacks Investment Research raised Pan American Silver from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Thursday, July 11th. Finally, ValuEngine cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.54.
About Pan American Silver
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.
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