Pan American Silver Corp. (PAAS) To Go Ex-Dividend on March 3rd

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.10 per share by the basic materials company on Friday, March 14th. This represents a $0.40 annualized dividend and a yield of 1.57%. The ex-dividend date is Monday, March 3rd.

Pan American Silver has raised its dividend payment by an average of 5.6% annually over the last three years. Pan American Silver has a payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Research 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 Performance

Shares of NYSE PAAS opened at $25.48 on Friday. Pan American Silver has a 12 month low of $12.19 and a 12 month high of $26.05. The company has a market cap of $9.23 billion, a P/E ratio of 79.61 and a beta of 1.28. The business’s 50 day moving average is $22.30 and its two-hundred day moving average is $21.90. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share 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 6.17%. The firm had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. On average, equities analysts expect that Pan American Silver will post 1.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PAAS shares. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Royal Bank of Canada upped their target price on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.92.

Pan American Silver Company Profile

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.