Pan American Silver (TSE:PAAS) Stock Falls 4.1% – What’s Next?

Pan American Silver Corp. (TSE:PAAS)’s stock price was down 4.1% during mid-day trading on Tuesday. The stock traded as low as C$62.97 and last traded at C$63.34. 765,993 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 1,000,264 shares. The stock had previously closed at C$66.05.

Analysts Set New Price Targets

Separately, Scotiabank lifted their price target on Pan American Silver from C$65.00 to C$95.00 in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Pan American Silver currently has a consensus rating of “Buy” and an average price target of C$84.40.

Pan American Silver Price Performance

The company has a debt-to-equity ratio of 11.43, a quick ratio of 0.88 and a current ratio of 2.94. The firm has a market capitalization of C$26.26 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 24.57 and a beta of 2.07. The business has a fifty day moving average of C$68.90 and a two-hundred day moving average of C$70.15.

Pan American Silver (TSE:PAAS) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$1.04 earnings per share for the quarter. Pan American Silver had a return on equity of 19.61% and a net margin of 32.06%. The business had revenue of C$1.60 billion for the quarter. As a group, research analysts predict that Pan American Silver Corp. will post 1.92 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, September 4th were issued a $0.1840 dividend. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, August 24th. Pan American Silver’s dividend payout ratio is presently 18.34%.

About Pan American Silver

Pan American is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own a 44% joint venture interest in the producing Juanicipio mine in Mexico, a 100% interest in the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for over three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management.