Pan American Silver (TSE:PAAS) Trading Up 4.6% - What's Next?

Key Points

• Shares rose 4.6% to C$67.33 (intraday high C$68.01) on Monday with volume up 26% versus average; the stock is below its 50‑day MA (C$80.63) but near its 200‑day MA (C$66.16) and has a consensus target of C$69.67.
• Analyst views are mixed: National Bank Financial raised its target from C$95 to C$110 while Jefferies cut theirs to C$54, though MarketBeat shows an average rating of "Buy".
• Pan American posted C$1.52 EPS on C$1.62B revenue with a 27.1% net margin and recently increased its quarterly dividend to C$0.18 (annualized C$0.72, yield ~1.1%).

Pan American Silver Corp. (TSE:PAAS - Get Free Report) shares traded up 4.6% during trading on Monday . The stock traded as high as C$68.01 and last traded at C$67.33. 1,500,187 shares were traded during mid-day trading, an increase of 26% from the average session volume of 1,192,526 shares. The stock had previously closed at C$64.39.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PAAS. National Bank Financial lifted their price objective on Pan American Silver from C$95.00 to C$110.00 in a report on Friday, February 27th. Jefferies Financial Group decreased their target price on Pan American Silver from C$58.00 to C$54.00 in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pan American Silver has an average rating of "Buy" and a consensus target price of C$69.67.

Pan American Silver Stock Performance

The company has a debt-to-equity ratio of 13.39, a quick ratio of 0.88 and a current ratio of 2.69. The firm's 50-day moving average price is C$80.63 and its two-hundred day moving average price is C$66.16. The stock has a market cap of C$28.40 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 24.57 and a beta of 1.71.

Pan American Silver (TSE:PAAS - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported C$1.52 EPS for the quarter. The company had revenue of C$1.62 billion for the quarter. Pan American Silver had a net margin of 27.08% and a return on equity of 16.85%. On average, analysts expect that Pan American Silver Corp. will post 1.9192235 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.72 annualized dividend and a yield of 1.1%. This is an increase from Pan American Silver's previous quarterly dividend of $0.14. Pan American Silver's dividend payout ratio is presently 17.97%.

About Pan American Silver

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.

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