Pan American Silver (TSE:PAAS) Stock Price Down 4.1% - What's Next?

Key Points

• Pan American Silver shares fell 4.1% to C$63.34 in mid-day trading, with volume 23% below the average session level.
• Analysts remain positive: Scotiabank raised its price target to C$95, while the stock has an average “Buy” rating and a consensus target of C$84.40.
• The company reported C$1.04 in quarterly EPS on C$1.60 billion in revenue and increased its quarterly dividend to $0.184 per share, or $0.74 annually.

Shares of Pan American Silver Corp. (TSE:PAAS - Get Free Report) fell 4.1% during mid-day trading on Tuesday. The stock traded as low as C$62.97 and last traded at C$63.34. 765,993 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 1,000,264 shares. The stock had previously closed at C$66.05.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their price target on shares of Pan American Silver from C$65.00 to C$95.00 in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Pan American Silver presently has an average rating of "Buy" and an average price target of C$84.40.

Pan American Silver Stock Performance

The company has a quick ratio of 0.88, a current ratio of 2.94 and a debt-to-equity ratio of 11.43. The stock has a 50 day simple moving average of C$68.90 and a two-hundred day simple moving average of C$70.15. The stock has a market capitalization of C$26.26 billion, a P/E ratio of 18.74, a P/E/G ratio of 24.57 and a beta of 2.07.

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

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, September 4th were given a dividend of $0.1840 per share. This represents a $0.74 annualized dividend and a yield of 1.2%. This is an increase from Pan American Silver's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 24th. Pan American Silver's 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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