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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced a quarterly dividend on Tuesday, November 5th, NASDAQ reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.10 per share by the basic materials company on Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, November 18th.

Pan American Silver has increased its dividend payment by an average of 22.1% per year over the last three years. Pan American Silver has a payout ratio of 25.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Pan American Silver to earn $1.45 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 27.6%.

Pan American Silver Stock Performance

Shares of NYSE PAAS traded down $0.11 during midday trading on Wednesday, hitting $22.43. The company had a trading volume of 6,491,822 shares, compared to its average volume of 4,069,888. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $26.05. The business has a 50-day simple moving average of $21.79 and a two-hundred day simple moving average of $21.12. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). The firm had revenue of $686.30 million for the quarter, compared to analyst estimates of $696.08 million. Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. Sell-side analysts predict that Pan American Silver will post 0.66 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on PAAS. Scotiabank increased their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 16th. Jefferies Financial Group boosted their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada raised their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, CIBC boosted their price target on Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average price target of $24.93.

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.