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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Tuesday, May 21st will be paid a dividend of 0.10 per share by the basic materials company on Monday, June 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, May 17th.

Pan American Silver has increased its dividend payment by an average of 22.1% annually over the last three years. Pan American Silver has a dividend payout ratio of 63.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pan American Silver to earn $1.12 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 35.7%.

Pan American Silver Stock Down 0.5 %

PAAS traded down $0.10 during midday trading on Friday, hitting $20.53. 2,647,504 shares of the company’s stock traded hands, compared to its average volume of 4,362,000. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. The company has a market cap of $7.46 billion, a PE ratio of -68.73, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The stock’s fifty day simple moving average is $16.60 and its 200-day simple moving average is $15.24. Pan American Silver has a one year low of $12.16 and a one year high of $20.90.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.07. The company had revenue of $601.40 million during the quarter, compared to the consensus estimate of $592.58 million. Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The firm’s revenue was up 54.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. As a group, equities analysts anticipate that Pan American Silver will post 0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PAAS has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. TD Securities dropped their price objective on Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Jefferies Financial Group increased their target price on Pan American Silver from $14.00 to $17.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. BMO Capital Markets dropped their price target on Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Finally, Scotiabank upped their price target on Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

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.