Pan American Silver (TSE:PAAS) Shares Down 1.4% - Here's What Happened

Key Points

• Pan American Silver shares fell 1.4% to C$53.70 in mid-day trading, with volume 26% above the average session volume.
• Scotiabank raised its price target from C$65 to C$95. Analysts’ average rating is Buy, with a consensus target of C$84.40.
• The company increased its quarterly dividend to $0.184 per share, equivalent to about $0.74 annually and a 1.4% yield.

Pan American Silver Corp. (TSE:PAAS - Get Free Report)'s share price traded down 1.4% during mid-day trading on Tuesday. The stock traded as low as C$53.36 and last traded at C$53.70. Approximately 1,267,460 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 1,003,401 shares. The stock had previously closed at C$54.47.

Wall Street Analyst Weigh In

Separately, Scotiabank boosted their target price 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, the stock has an average rating of "Buy" and a consensus price target of C$84.40.

Pan American Silver Stock Down 1.4%

The business has a 50 day simple moving average of C$65.50 and a 200 day simple moving average of C$71.67. The stock has a market cap of C$22.26 billion, a PE ratio of 15.89, a P/E/G ratio of 24.57 and a beta of 2.07. The company has a debt-to-equity ratio of 11.43, a current ratio of 2.94 and a quick ratio of 0.88.

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

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, September 4th were paid a dividend of $0.1840 per share. This represents a $0.74 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, August 24th. This is a positive change from Pan American Silver's previous quarterly dividend of $0.18. Pan American Silver's dividend payout ratio is currently 18.34%.

Pan American Silver Company Profile

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.

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