Pan American Silver (TSE:PAAS) Given New C$85.00 Price Target at BMO Capital Markets

Pan American Silver (TSE:PAAS) had its price objective increased by BMO Capital Markets from C$69.00 to C$85.00 in a report released on Wednesday morning,BayStreet.CA reports.

Other analysts also recently issued reports about the stock. National Bank Financial set a C$116.00 price target on shares of Pan American Silver and gave the stock an “outperform” rating in a report on Friday, April 17th. Jefferies Financial Group lowered their price target on shares of Pan American Silver from C$58.00 to C$54.00 in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$85.00.

Pan American Silver Stock Performance

Shares of TSE PAAS opened at C$77.23 on Wednesday. The company’s fifty day moving average price is C$79.02 and its 200 day moving average price is C$69.93. Pan American Silver has a 1 year low of C$30.82 and a 1 year high of C$95.39. The company has a market capitalization of C$32.55 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 24.57 and a beta of 1.99. The company has a debt-to-equity ratio of 13.39, a quick ratio of 0.88 and a current ratio of 2.69.

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

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were given a dividend of $0.18 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, March 2nd. Pan American Silver’s dividend payout ratio (DPR) is currently 17.97%.

About Pan American Silver

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.