Pan American Silver Corp (NASDAQ: PAAS) posted its quarterly earnings results on Thursday. The company reported $0.37 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.37. The company had revenue of $247.30 million for the quarter, compared to the consensus estimate of $276.47 million.
PAAS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Pan American Silver Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, February 11th. They now have a $16.90 price target on the stock. Analysts at Deutsche Bank downgraded shares of Pan American Silver Corp from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, January 15th. They now have a $20.00 price target on the stock, down previously from $26.00.
Six analysts have rated the stock with a buy rating, one has assigned an overweight rating, six have assigned a hold rating, one has issued an underweight rating, and one has given a sell rating to the company’s stock. The stock currently has an average rating of “overweight” and an average target price of $24.18.
Shares of Pan American Silver Corp (PAAS) traded up 7.06% during mid-day trading on Thursday, hitting $16.67. Pan American Silver Corp (PAAS) has a one year low of $13.49 and a one year high of $27.11. The stock’s 50-day moving average is currently $17.96. The company has a market cap of $2.540 billion and a P/E ratio of 9.54.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 18th. Stockholders of record on Monday, March 4th will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.21%.
Pan American Silver Corp. (Pan American), engaged in the operation and development of, and exploration for, silver producing properties and assets.
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