Pan American Silver Corp. (TSE:PAAS – Get Rating)'s share price was up 2.5% during mid-day trading on Wednesday . The stock traded as high as C$24.26 and last traded at C$23.98. Approximately 757,667 shares traded hands during trading, a decline of 1% from the average daily volume of 762,198 shares. The stock had previously closed at C$23.39.
Analyst Ratings Changes
A number of equities research analysts have weighed in on PAAS shares. Royal Bank of Canada upgraded shares of Pan American Silver to a "buy" rating and set a C$22.00 price target for the company in a research report on Wednesday, January 11th. National Bank Financial dropped their price target on shares of Pan American Silver from C$32.50 to C$32.00 in a research report on Wednesday, March 1st. Finally, Pi Financial lifted their price target on shares of Pan American Silver from C$28.00 to C$30.00 in a research report on Tuesday, February 7th.
Get Pan American Silver alerts:Pan American Silver Trading Up 2.8 %
The company's 50 day moving average price is C$22.94 and its 200 day moving average price is C$22.14. The company has a debt-to-equity ratio of 11.25, a current ratio of 2.11 and a quick ratio of 0.88. The firm has a market cap of C$5.20 billion, a PE ratio of -11.06, a price-to-earnings-growth ratio of 24.57 and a beta of 1.10.
Pan American Silver Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Friday, March 17th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Friday, March 3rd. Pan American Silver's payout ratio is -24.22%.
About Pan American Silver
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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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