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

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Tuesday, May 21st will be given a dividend of 0.10 per share by the basic materials company on Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, May 17th.

Pan American Silver has raised its dividend 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. Research 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 1.4 %

NYSE PAAS traded down $0.28 during trading hours on Friday, reaching $20.35. 5,208,454 shares of the company were exchanged, compared to its average volume of 5,769,122. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $20.90. The business's 50 day simple moving average is $16.60 and its 200-day simple moving average is $15.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.07. The firm had revenue of $601.40 million during the quarter, compared to analyst estimates of $592.58 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The company's quarterly revenue was up 54.1% on a year-over-year basis. During the same quarter last year, the business earned $0.10 earnings per share. On average, equities research analysts predict that Pan American Silver will post 0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. CIBC cut their target price on shares of Pan American Silver from $28.00 to $27.50 and set an "outperform" rating for the company in a research report on Wednesday, February 7th. TD Securities cut their price objective on shares of Pan American Silver from $18.50 to $17.50 and set a "buy" rating for the company in a research report on Friday, February 23rd. StockNews.com upgraded shares of Pan American Silver from a "sell" rating to a "hold" rating in a research report on Wednesday, May 1st. BMO Capital Markets cut their price objective on shares of Pan American Silver from $27.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, January 18th. Finally, Scotiabank raised their price objective on shares of Pan American Silver from $19.50 to $20.00 and gave the company a "sector outperform" rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Pan American Silver has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Pan American Silver Company Profile

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.