Pan American Silver Corp. (PAAS) to Issue Quarterly Dividend of $0.10 on March 14th

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.10 per share by the basic materials company on Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Monday, March 3rd.

Pan American Silver has raised its dividend payment by an average of 5.6% per year over the last three years. Pan American Silver has a payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pan American Silver to earn $1.76 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 22.7%.

Pan American Silver Stock Down 0.4 %

PAAS stock opened at $23.82 on Friday. Pan American Silver has a 52-week low of $12.19 and a 52-week high of $26.05. The company’s 50 day simple moving average is $22.67 and its 200-day simple moving average is $22.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The firm has a market capitalization of $8.62 billion, a P/E ratio of 74.42 and a beta of 1.28.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The business had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. As a group, equities research analysts anticipate that Pan American Silver will post 1.26 EPS for the current year.

Analyst Upgrades and Downgrades

PAAS has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. TD Securities boosted their price objective on shares of Pan American Silver from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday. Scotiabank boosted their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Tuesday. Finally, Royal Bank of Canada boosted their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $28.08.

About Pan American Silver

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.