Pan American Silver (TSE:PAAS) Posts Earnings Results

Pan American Silver (TSE:PAAS) released its earnings results on Wednesday. The company reported C$1.04 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$1.60 billion during the quarter. Pan American Silver had a net margin of 31.69% and a return on equity of 19.65%.

Pan American Silver Stock Performance

Shares of PAAS stock opened at C$73.10 on Thursday. The company has a 50 day moving average price of C$64.86 and a 200-day moving average price of C$73.79. Pan American Silver has a 52 week low of C$42.43 and a 52 week high of C$95.39. The firm has a market capitalization of C$30.80 billion, a PE ratio of 23.06, a P/E/G ratio of 24.57 and a beta of 1.98. The company has a quick ratio of 0.88, a current ratio of 2.84 and a debt-to-equity ratio of 11.49.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, June 1st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is presently 17.03%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. BMO Capital Markets boosted their target price on Pan American Silver from C$69.00 to C$85.00 in a report on Wednesday, April 22nd. Scotiabank increased their price objective on shares of Pan American Silver from C$65.00 to C$95.00 in a research report on Tuesday, July 14th. National Bank Financial set a C$116.00 target price on shares of Pan American Silver and gave the stock an “outperform” rating in a report on Friday, April 17th. Finally, TD upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their price target for the company from C$67.00 to C$72.00 in a report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$84.40.

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.