Pan American Silver (TSE:PAAS) Stock Price Down 0.8% – Should You Sell?

Pan American Silver Corp. (TSE:PAAS) shares dropped 0.8% on Monday . The company traded as low as C$77.90 and last traded at C$79.11. Approximately 910,889 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 1,153,203 shares. The stock had previously closed at C$79.78.

Analysts Set New Price Targets

PAAS has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of Pan American Silver from C$58.00 to C$54.00 in a research report on Wednesday, January 21st. National Bank Financial upped their price target on shares of Pan American Silver from C$95.00 to C$110.00 in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$69.67.

Pan American Silver Trading Up 1.2%

The firm has a market capitalization of C$33.78 billion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 24.57 and a beta of 1.99. The stock’s 50-day simple moving average is C$78.96 and its two-hundred day simple moving average is C$69.03. The company has a debt-to-equity ratio of 13.39, a current ratio of 2.69 and a quick ratio of 0.88.

Pan American Silver (TSE:PAAS) last posted its quarterly earnings results on Wednesday, February 18th. The company reported C$1.52 earnings per share for the quarter. The business had revenue of C$1.62 billion during the quarter. Pan American Silver had a net margin of 27.08% and a return on equity of 16.85%. Equities research analysts expect that Pan American Silver Corp. will post 1.9192235 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 13th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 0.9%. Pan American Silver’s dividend payout ratio is 17.97%.

Pan American Silver Company Profile

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.