Pan American Silver Corp. (NYSE:PAAS) Announces Quarterly Dividend of $0.10

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Tuesday, May 21st will be given a dividend of 0.10 per share by the basic materials company on Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, May 17th.

Pan American Silver has increased its dividend payment by an average of 22.1% annually over the last three years. Pan American Silver has a payout ratio of 63.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pan American Silver to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 35.7%.

Pan American Silver Price Performance

Shares of PAAS stock traded down $0.21 on Friday, reaching $20.42. The company had a trading volume of 2,025,775 shares, compared to its average volume of 4,355,780. The business’s 50-day moving average is $16.60 and its 200 day moving average is $15.24. Pan American Silver has a one year low of $12.16 and a one year high of $20.90. The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $7.42 billion, a PE ratio of -68.73, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.07. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The business had revenue of $601.40 million during the quarter, compared to the consensus estimate of $592.58 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm’s revenue was up 54.1% compared to the same quarter last year. Equities research analysts forecast that Pan American Silver will post 0.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BMO Capital Markets dropped their target price on Pan American Silver from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. CIBC decreased their price target on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Jefferies Financial Group lifted their price target on shares of Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. TD Securities lowered their target price on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, Scotiabank upped their price target on Pan American Silver from $19.50 to $20.00 and gave the company a “sector outperform” rating in a research report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.00.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.