Pan American Silver (TSE:PAAS) Issues Earnings Results

Pan American Silver (TSE:PAAS) released its earnings results on Tuesday. The company reported C$1.52 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$1.85 billion for the quarter. Pan American Silver had a net margin of 27.08% and a return on equity of 16.85%.

Pan American Silver Price Performance

Pan American Silver stock traded down C$0.71 during midday trading on Tuesday, reaching C$68.94. 676,145 shares of the stock were exchanged, compared to its average volume of 1,098,783. The company’s fifty day moving average is C$78.39 and its 200-day moving average is C$70.83. The company has a debt-to-equity ratio of 13.39, a quick ratio of 0.88 and a current ratio of 2.69. The firm has a market cap of C$29.05 billion, a PE ratio of 26.93, a PEG ratio of 24.57 and a beta of 1.99. Pan American Silver has a 52 week low of C$30.82 and a 52 week high of C$95.39.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 13th were issued a dividend of $0.18 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. Pan American Silver’s payout ratio is currently 17.97%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PAAS shares. BMO Capital Markets boosted their target price on shares of Pan American Silver from C$69.00 to C$85.00 in a research note on Wednesday, April 22nd. National Bank Financial set a C$116.00 price target on shares of Pan American Silver and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, Jefferies Financial Group lowered their price target on shares of Pan American Silver from C$58.00 to C$54.00 in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$85.00.

About Pan American Silver

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.