Pan American Silver (TSE:PAAS) Posts Quarterly Earnings Results

Pan American Silver (TSE:PAAS) issued its earnings results on Tuesday. The company reported C$1.52 earnings per share for the quarter, FiscalAI reports. Pan American Silver had a return on equity of 16.85% and a net margin of 27.08%.The business had revenue of C$1.85 billion for the quarter.

Pan American Silver Trading Down 1.0%

PAAS opened at C$68.94 on Wednesday. The firm has a market cap of C$29.05 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 24.57 and a beta of 2.04. Pan American Silver has a 52 week low of C$30.82 and a 52 week high of C$95.39. The business’s 50 day moving average is C$77.99 and its two-hundred day moving average is C$70.90. The company has a quick ratio of 0.88, a current ratio of 2.69 and a debt-to-equity ratio of 13.39.

Pan American Silver Increases Dividend

The company also recently declared 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 represents a $0.72 annualized dividend and a yield of 1.0%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. Pan American Silver’s dividend payout ratio is presently 17.97%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PAAS. National Bank Financial set a C$116.00 target price on Pan American Silver and gave the stock an “outperform” rating in a research report on Friday, April 17th. Jefferies Financial Group cut their target price on Pan American Silver from C$58.00 to C$54.00 in a research report on Wednesday, January 21st. Finally, BMO Capital Markets raised their target price on Pan American Silver from C$69.00 to C$85.00 in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$85.00.

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.