Jefferies Financial Group Cuts Pan American Silver (TSE:PAAS) Price Target to C$54.00

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

Pan American Silver Stock Up 3.8%

Shares of Pan American Silver stock opened at C$88.34 on Wednesday. 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 has a 52-week low of C$29.31 and a 52-week high of C$89.85. The company has a market capitalization of C$37.28 billion, a P/E ratio of 51.06, a P/E/G ratio of 24.57 and a beta of 1.63. The company has a 50 day moving average of C$68.85 and a 200 day moving average of C$54.82.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, December 5th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.6%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, November 24th. Pan American Silver’s dividend payout ratio is currently 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. Pan American Silver is based in British Columbia.