Pan American Silver (TSE:PAAS) Trading Down 2.2% - What's Next?

Key Points

• Pan American Silver shares fell 2.2% to C$68.48 in mid-day trading, with volume 38% below the average.
• Scotiabank raised its price target from C$65 to C$95; analysts maintain a consensus “Buy” rating with an average target of C$84.40.
• The company reported C$1.04 in quarterly EPS and C$1.60 billion in revenue, while increasing its quarterly dividend to $0.184, representing a 1.1% annualized yield.

Shares of Pan American Silver Corp. (TSE:PAAS - Get Free Report) dropped 2.2% during mid-day trading on Monday . The company traded as low as C$67.72 and last traded at C$68.48. Approximately 634,660 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 1,024,334 shares. The stock had previously closed at C$70.00.

Analysts Set New Price Targets

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

Pan American Silver Stock Performance

The company has a current ratio of 2.94, a quick ratio of 0.88 and a debt-to-equity ratio of 11.43. The firm has a market cap of C$28.39 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 24.57 and a beta of 2.10. The stock has a fifty day moving average price of C$67.45 and a 200 day moving average price of C$71.31.

Pan American Silver (TSE:PAAS - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported C$1.04 earnings per share (EPS) for the quarter. Pan American Silver had a return on equity of 19.61% and a net margin of 32.06%.The firm had revenue of C$1.60 billion during the quarter. As a group, analysts predict that Pan American Silver Corp. will post 1.9192235 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, September 4th were issued a $0.184 dividend. This is a boost from Pan American Silver's previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 24th. This represents a $0.74 annualized dividend and a yield of 1.1%. Pan American Silver's payout ratio is 18.34%.

About Pan American Silver

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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