Pan American Silver (TSE:PAAS) Announces Earnings Results

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

Pan American Silver Price Performance

TSE PAAS traded up C$0.91 during trading on Wednesday, hitting C$73.10. 809,944 shares of the stock traded hands, compared to its average volume of 1,026,060. 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 has a 12-month low of C$42.43 and a 12-month high of C$95.39. The firm has a 50-day simple moving average of C$64.86 and a 200-day simple moving average of C$73.87. The company has a market capitalization of C$30.80 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 24.57 and a beta of 1.98.

Pan American Silver Announces Dividend

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

Wall Street Analyst Weigh In

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

Pan American Silver Company Profile

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.