Pan American Silver (TSE:PAAS) Stock Price Down 2.2% – What’s Next?

Pan American Silver Corp. (TSE:PAAS) dropped 2.2% on Monday . The stock traded as low as C$67.72 and last traded at C$68.48. Approximately 634,660 shares traded hands during trading, a decline of 38% from the average session volume of 1,024,334 shares. The stock had previously closed at C$70.00.

Wall Street Analyst Weigh In

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

Pan American Silver Stock Down 2.2%

The company has a quick ratio of 0.88, a current ratio of 2.94 and a debt-to-equity ratio of 11.43. The business has a 50-day simple moving average of C$67.45 and a two-hundred day simple moving average of C$71.31. The stock has a market capitalization of C$28.39 billion, a P/E ratio of 20.26, a PEG ratio of 24.57 and a beta of 2.10.

Pan American Silver (TSE:PAAS) last issued its earnings results on Wednesday, August 12th. The company reported C$1.04 EPS 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 for the quarter. Equities research analysts forecast that Pan American Silver Corp. will post 1.9192235 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, September 4th were paid a $0.184 dividend. The ex-dividend date of this dividend was Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 1.1%. Pan American Silver’s payout ratio is currently 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.