Shares of Pan American Silver Corp. (TSE:PAAS) dropped 1.4% on Friday . The company traded as low as C$19.76 and last traded at C$20.02. Approximately 50,872 shares traded hands during trading, a decline of 79% from the average daily volume of 239,221 shares. The stock had previously closed at C$19.74.
PAAS has been the subject of a number of analyst reports. CSFB raised their price objective on shares of Pan American Silver from C$23.00 to C$25.00 in a research note on Thursday, August 10th. BMO Capital Markets set a C$21.00 price objective on shares of Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, December 1st will be paid a dividend of $0.025 per share. The ex-dividend date is Friday, November 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.51%. Pan American Silver’s dividend payout ratio is currently 11.22%.
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About Pan American Silver
Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the Huaron, Morococha, Alamo Dorado, La Colorada, Dolores, San Vicente, and Manantial Espejo mines.
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