Pan American Silver Corp. (TSE:PAAS) to Issue $0.12 Quarterly Dividend

Pan American Silver Corp. (TSE:PAASGet Rating) declared a quarterly dividend on Friday, May 20th, TickerTech reports. Stockholders of record on Friday, June 3rd will be paid a dividend of 0.12 per share on Friday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, May 20th.

Shares of TSE PAAS opened at C$28.09 on Wednesday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.22 and a current ratio of 2.58. The firm has a market cap of C$5.91 billion and a price-to-earnings ratio of 47.17. The business’s 50-day simple moving average is C$33.56 and its 200-day simple moving average is C$31.91. Pan American Silver has a 52 week low of C$26.52 and a 52 week high of C$42.01.

In other news, Senior Officer Ignacio Llerena Couturier sold 2,000 shares of Pan American Silver stock in a transaction that occurred on Tuesday, April 12th. The stock was sold at an average price of C$37.22, for a total transaction of C$74,430.00. Following the sale, the insider now owns 13,358 shares of the company’s stock, valued at approximately C$497,117.97. Also, Senior Officer Steven Busby sold 800 shares of Pan American Silver stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of C$33.89, for a total value of C$27,112.00. Following the sale, the insider now directly owns 113,680 shares in the company, valued at approximately C$3,852,615.20.

PAAS has been the topic of a number of research analyst reports. National Bankshares lowered their target price on Pan American Silver from C$47.00 to C$44.75 and set an “outperform” rating on the stock in a report on Monday. BMO Capital Markets initiated coverage on Pan American Silver in a report on Thursday, January 20th. They issued a “buy” rating and a C$29.00 target price on the stock. Finally, Canaccord Genuity Group raised Pan American Silver to a “buy” rating and set a C$30.00 target price on the stock in a report on Thursday, May 12th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$43.09.

Pan American Silver Company Profile (Get Rating)

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines.

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Dividend History for Pan American Silver (TSE:PAAS)

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