Pan American Silver (TSE:PAAS) Shares Down 0.7% – Here’s What Happened

Pan American Silver Corp. (TSE:PAAS) dropped 0.7% during mid-day trading on Monday . The stock traded as low as C$66.88 and last traded at C$67.94. Approximately 1,079,348 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 1,060,008 shares. The stock had previously closed at C$68.41.

Analyst Upgrades and Downgrades

PAAS has been the topic of a number of research analyst reports. National Bankshares boosted their price target on Pan American Silver from C$52.50 to C$62.00 and gave the company an “outperform” rating in a report on Friday, September 5th. BMO Capital Markets boosted their target price on Pan American Silver from C$38.00 to C$45.00 in a research note on Friday, September 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$53.50.

Pan American Silver Trading Down 0.7%

The company has a market capitalization of C$28.67 billion, a P/E ratio of 39.27, a P/E/G ratio of 24.57 and a beta of 1.49. The stock’s 50 day moving average is C$55.56 and its 200-day moving average is C$47.66. The company has a debt-to-equity ratio of 17.60, a current ratio of 2.06 and a quick ratio of 0.88.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, December 5th were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 annualized dividend and a dividend yield of 0.8%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio is currently 24.28%.

Pan American Silver Company Profile

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.