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

Shares of Pan American Silver Corp. (TSE:PAAS) were down 2.2% during trading 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 daily volume of 1,024,334 shares. The stock had previously closed at C$70.00.

Analyst Upgrades and Downgrades

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

Pan American Silver Price Performance

The firm has a market capitalization of C$28.11 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 24.57 and a beta of 2.10. The company has a current ratio of 2.94, a quick ratio of 0.88 and a debt-to-equity ratio of 11.43. The firm has a 50 day moving average price of C$67.66 and a 200-day moving average price of C$71.22.

Pan American Silver (TSE:PAAS) last released its earnings results on Wednesday, August 12th. The company reported C$1.04 earnings per share for the quarter. The firm had revenue of C$1.60 billion for the quarter. Pan American Silver had a return on equity of 19.61% and a net margin of 32.06%. On average, analysts expect that Pan American Silver Corp. will post 1.9192235 earnings per share for the current year.

Pan American Silver Increases Dividend

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