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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced 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 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 dividend payout ratio of 63.5% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of PAAS stock traded down $0.21 during trading hours on Friday, reaching $20.42. The stock had a trading volume of 2,025,775 shares, compared to its average volume of 4,355,780. The firm 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. The firm has a 50-day simple moving average of $16.60 and a 200-day simple moving average of $15.24. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $20.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results 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. The company had revenue of $601.40 million for the quarter, compared to analyst estimates of $592.58 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. Pan American Silver’s revenue was up 54.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share. As a group, equities analysts forecast that Pan American Silver will post 0.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PAAS has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price target on Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. BMO Capital Markets lowered their target price on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Scotiabank boosted their price target on shares of Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 8th. StockNews.com upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, TD Securities dropped their target price on Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver currently has an average rating of “Moderate Buy” and an average target price of $21.00.

Pan American Silver Company Profile

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.