Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.10 per share by the basic materials company on Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, March 3rd.
Pan American Silver has raised its dividend payment by an average of 5.6% annually over the last three years. Pan American Silver has a dividend payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Pan American Silver to earn $1.76 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 22.7%.
Pan American Silver Stock Down 4.2 %
Shares of NYSE:PAAS traded down $1.08 on Friday, reaching $24.43. The company had a trading volume of 4,178,511 shares, compared to its average volume of 3,024,797. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $8.85 billion, a PE ratio of 76.33 and a beta of 1.28. Pan American Silver has a 52-week low of $12.19 and a 52-week high of $26.05. The firm's 50 day simple moving average is $22.35 and its 200-day simple moving average is $21.93.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.17% and a net margin of 3.98%. The company had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. As a group, analysts expect that Pan American Silver will post 1.26 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Royal Bank of Canada raised their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.92.
Get Our Latest Stock Analysis on Pan American Silver
About Pan American Silver
(
Get Free Report)
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.
Further Reading
Before you consider Pan American Silver, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pan American Silver wasn't on the list.
While Pan American Silver currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
