Pan American Silver Corp. Announces Quarterly Dividend of $0.03 (PAAS)
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) announced a quarterly dividend on Thursday, August 10th, NASDAQ reports. Investors of record on Monday, August 21st will be paid a dividend of 0.025 per share by the basic materials company on Friday, September 1st. This represents a $0.10 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, August 17th.
Shares of Pan American Silver Corp. (PAAS) opened at 17.60 on Wednesday. The stock has a market cap of $2.70 billion, a PE ratio of 22.51 and a beta of 0.29. The company’s 50-day moving average is $16.58 and its 200 day moving average is $17.46. Pan American Silver Corp. has a 52 week low of $13.80 and a 52 week high of $21.59.
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $184.96 million. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. Analysts forecast that Pan American Silver Corp. will post $0.49 earnings per share for the current fiscal year.
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A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. TheStreet cut shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research report on Friday, July 28th. Royal Bank Of Canada lifted their target price on shares of Pan American Silver Corp. from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday. BidaskClub cut shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, FBR & Co lifted their target price on shares of Pan American Silver Corp. from $20.00 to $22.00 and gave the stock a “mkt perform” rating in a research report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Pan American Silver Corp. presently has an average rating of “Hold” and an average price target of $20.61.
Pan American Silver Corp. Company Profile
Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.
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