Pan American Silver Corp. (TSE:PAAS) Declares Dividend Increase – $0.18 Per Share

Pan American Silver Corp. (TSE:PAAS) declared a quarterly dividend on Monday, March 2nd, TickerTech Dividends reports. Investors of record on Friday, March 13th will be given a dividend of 0.18 per share on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 2nd. This is a 28.6% increase from Pan American Silver’s previous quarterly dividend of $0.14.

Pan American Silver Stock Up 1.3%

PAAS traded up C$1.21 during midday trading on Friday, hitting C$93.58. 1,976,545 shares of the company’s stock traded hands, compared to its average volume of 1,172,073. The company has a debt-to-equity ratio of 17.60, a current ratio of 2.06 and a quick ratio of 0.88. The company has a market cap of C$39.48 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 24.57 and a beta of 1.65. The stock’s fifty day simple moving average is C$79.05 and its 200-day simple moving average is C$62.16. Pan American Silver has a one year low of C$29.31 and a one year high of C$95.39.

Pan American Silver (TSE:PAAS) last posted its earnings results on Wednesday, February 18th. The company reported C$1.52 EPS for the quarter. The company had revenue of C$1.57 billion during the quarter. Pan American Silver had a negative net margin of 1.78% and a negative return on equity of 1.02%. As a group, equities analysts anticipate that Pan American Silver will post 1.9192235 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on PAAS. Jefferies Financial Group lowered their target price on shares of Pan American Silver from C$58.00 to C$54.00 in a research report on Wednesday, January 21st. National Bank Financial upped their price target on Pan American Silver from C$95.00 to C$110.00 in a research note on Friday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$69.67.

Pan American Silver Company Profile

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.