Pan American Silver (TSE:PAAS) Shares Down 0.7% – Here’s What Happened

Pan American Silver Corp. (TSE:PAAS)’s stock price was down 0.7% on Monday . The company traded as low as C$66.88 and last traded at C$67.94. Approximately 1,079,348 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 1,060,008 shares. The stock had previously closed at C$68.41.

Analyst Ratings Changes

Several research analysts recently issued reports on PAAS shares. BMO Capital Markets increased their price target on shares of Pan American Silver from C$38.00 to C$45.00 in a research note on Friday, September 5th. National Bankshares upped their price objective on shares of Pan American Silver from C$52.50 to C$62.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$53.50.

Pan American Silver Price Performance

The firm has a fifty day moving average price of C$55.56 and a two-hundred day moving average price of C$47.66. The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 17.60. The stock has a market capitalization of C$28.67 billion, a P/E ratio of 39.27, a P/E/G ratio of 24.57 and a beta of 1.49.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, December 5th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, November 24th. This represents a $0.56 dividend on an annualized basis and a yield of 0.8%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio (DPR) is 24.28%.

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.