Pan American Silver (TSE:PAAS) Price Target Cut to C$54.00 by Analysts at Jefferies Financial Group

Pan American Silver (TSE:PAAS) had its target price lowered by Jefferies Financial Group from C$58.00 to C$54.00 in a research note released on Wednesday morning,BayStreet.CA reports.

Pan American Silver Stock Down 2.4%

TSE PAAS opened at C$79.04 on Wednesday. Pan American Silver has a 1-year low of C$29.31 and a 1-year high of C$82.69. The company has a market capitalization of C$33.36 billion, a price-to-earnings ratio of 45.69, a PEG ratio of 24.57 and a beta of 1.63. The stock’s 50 day moving average is C$67.55 and its two-hundred day moving average is C$54.27. The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.60.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, December 5th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, November 24th. Pan American Silver’s dividend payout ratio (DPR) is currently 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. Pan American Silver is based in British Columbia.