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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) declared a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Investors of record on Monday, August 19th will be given a dividend of 0.10 per share by the basic materials company on Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Monday, August 19th.

Pan American Silver has raised its dividend payment by an average of 22.1% annually over the last three years. Pan American Silver has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pan American Silver to earn $1.22 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 32.8%.

Pan American Silver Trading Up 1.4 %

NYSE PAAS opened at $20.40 on Friday. The company has a market capitalization of $7.40 billion, a PE ratio of -44.35 and a beta of 1.31. The company has a fifty day moving average of $21.03 and a 200 day moving average of $18.27. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $24.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The business had revenue of $686.30 million for the quarter, compared to analyst estimates of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Research analysts forecast that Pan American Silver will post 0.68 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. BMO Capital Markets upped their price objective on shares of Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. CIBC upped their price objective on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Jefferies Financial Group upped their price objective on shares of Pan American Silver from $19.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. Finally, Scotiabank upped their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and an average target price of $24.42.

About Pan American Silver

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.