Pan American Silver Corp. (PAAS) to Issue Quarterly Dividend of $0.10 on November 29th

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) declared a quarterly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Investors of record on Monday, November 18th will be paid a dividend of 0.10 per share by the basic materials company on Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 1.86%. The ex-dividend date is Monday, November 18th.

Pan American Silver has raised its dividend payment by an average of 22.1% per year over the last three years. Pan American Silver has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pan American Silver to earn $1.45 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 27.6%.

Pan American Silver Trading Down 2.0 %

Pan American Silver stock opened at $21.45 on Friday. The firm has a market cap of $7.79 billion, a PE ratio of -126.17 and a beta of 1.33. Pan American Silver has a 12 month low of $12.16 and a 12 month high of $26.05. The stock’s 50 day simple moving average is $22.18 and its two-hundred day simple moving average is $21.27. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Jefferies Financial Group raised their price target on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada lifted their price target on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, StockNews.com upgraded Pan American Silver from a “hold” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.93.

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.