Pan American Silver (TSE:PAAS – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported C$0.98 EPS for the quarter, FiscalAI reports. Pan American Silver had a return on equity of 19.61% and a net margin of 32.06%. The company had revenue of C$1.43 billion during the quarter.
Pan American Silver Price Performance
TSE:PAAS opened at C$58.06 on Thursday. The company has a quick ratio of 0.88, a current ratio of 2.94 and a debt-to-equity ratio of 11.43. The firm has a market cap of C$24.07 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 24.57 and a beta of 2.07. Pan American Silver has a 12 month low of C$47.12 and a 12 month high of C$95.39. The company’s 50-day moving average price is C$65.16 and its two-hundred day moving average price is C$71.57.
Pan American Silver Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, September 4th were given a $0.1840 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 1.3%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 24th. Pan American Silver’s dividend payout ratio (DPR) is presently 18.34%.
Wall Street Analysts Forecast Growth
Separately, Scotiabank lifted their price objective on 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 MarketBeat, Pan American Silver presently has an average rating of “Buy” and a consensus price target of C$84.40.
Check Out Our Latest Stock Report on Pan American Silver
Pan American Silver Company Profile
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.
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