Pan American Silver Corp. (NASDAQ:PAAS) Plans $0.03 Quarterly Dividend

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) declared a quarterly dividend on Thursday, August 10th, NASDAQ reports. Investors of record on Monday, August 21st will be paid a dividend of 0.025 per share by the basic materials company on Friday, September 1st. This represents a $0.10 annualized dividend and a yield of 0.57%. The ex-dividend date is Thursday, August 17th.

Shares of Pan American Silver Corp. (PAAS) traded down 0.34% during trading on Friday, reaching $17.58. The company had a trading volume of 226,438 shares. Pan American Silver Corp. has a 12 month low of $13.80 and a 12 month high of $21.59. The stock has a market capitalization of $2.69 billion, a PE ratio of 22.48 and a beta of 0.29. The stock’s 50-day moving average price is $16.53 and its 200-day moving average price is $17.50.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. Pan American Silver Corp. had a return on equity of 6.23% and a net margin of 14.62%. The company had revenue of $201.30 million during the quarter, compared to the consensus estimate of $184.96 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts forecast that Pan American Silver Corp. will post $0.48 earnings per share for the current fiscal year.

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A number of brokerages have recently commented on PAAS. TheStreet downgraded Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research report on Friday, July 28th. BidaskClub downgraded Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday. Royal Bank Of Canada set a $22.00 price objective on Pan American Silver Corp. and gave the company a “buy” rating in a research report on Thursday. Credit Suisse Group reiterated a “neutral” rating on shares of Pan American Silver Corp. in a research report on Tuesday, April 18th. Finally, Zacks Investment Research downgraded Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Pan American Silver Corp. currently has a consensus rating of “Hold” and a consensus target price of $19.83.

About Pan American Silver Corp.

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.