Pan American Silver (TSE:PAAS) Trading Down 0.7% – Here’s Why

Pan American Silver Corp. (TSE:PAAS)’s share price fell 0.7% on Monday . The company traded as low as C$66.88 and last traded at C$67.94. 1,079,348 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 1,060,008 shares. The stock had previously closed at C$68.41.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PAAS. BMO Capital Markets upped their price objective on Pan American Silver from C$38.00 to C$45.00 in a report on Friday, September 5th. National Bankshares increased their price target on shares of Pan American Silver from C$52.50 to C$62.00 and gave the company an “outperform” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$53.50.

Pan American Silver Price Performance

The company has a market cap of C$29.08 billion, a price-to-earnings ratio of 39.83, a price-to-earnings-growth ratio of 24.57 and a beta of 1.49. The company has a fifty day simple moving average of C$55.82 and a two-hundred day simple moving average of C$47.90. The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 17.60.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, December 5th were given a dividend of $0.14 per share. The ex-dividend date was Monday, November 24th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.8%. Pan American Silver’s dividend payout ratio (DPR) is presently 24.28%.

About Pan American Silver

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.