Brokerages expect Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) to post $0.07 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Pan American Silver’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.11. Pan American Silver reported earnings of $0.13 per share in the same quarter last year, which would suggest a negative year over year growth rate of 46.2%. The business is scheduled to announce its next earnings results on Tuesday, February 19th.
On average, analysts expect that Pan American Silver will report full-year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.41 to $0.47. For the next fiscal year, analysts expect that the company will report earnings of $0.59 per share, with EPS estimates ranging from $0.35 to $0.89. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Pan American Silver.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Tuesday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). The company had revenue of $187.70 million during the quarter, compared to analysts’ expectations of $193.93 million. Pan American Silver had a return on equity of 5.15% and a net margin of 14.75%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 EPS.
A number of analysts have commented on the company. Zacks Investment Research upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. BidaskClub lowered Pan American Silver from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. ValuEngine raised Pan American Silver from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Bank of America lowered Pan American Silver from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $16.70 to $12.75 in a research note on Monday, November 19th. Finally, TD Securities set a $23.00 price objective on Pan American Silver and gave the stock a “buy” rating in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.09.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAAS. Acadian Asset Management LLC bought a new position in shares of Pan American Silver in the second quarter worth about $1,000,000. Hussman Strategic Advisors Inc. boosted its stake in shares of Pan American Silver by 1,000.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 55,000 shares of the basic materials company’s stock worth $984,000 after acquiring an additional 50,000 shares during the period. Alps Advisors Inc. boosted its stake in Pan American Silver by 408.2% during the second quarter. Alps Advisors Inc. now owns 544,015 shares of the basic materials company’s stock valued at $8,465,000 after buying an additional 436,958 shares during the last quarter. First Manhattan Co. boosted its stake in Pan American Silver by 0.6% during the second quarter. First Manhattan Co. now owns 531,365 shares of the basic materials company’s stock valued at $9,511,000 after buying an additional 3,250 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in Pan American Silver by 26.7% during the second quarter. Fiera Capital Corp now owns 19,000 shares of the basic materials company’s stock valued at $341,000 after buying an additional 4,000 shares during the last quarter. 51.25% of the stock is owned by hedge funds and other institutional investors.
PAAS traded down $0.02 during midday trading on Friday, reaching $13.24. The company had a trading volume of 1,658,999 shares, compared to its average volume of 2,169,442. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 6.59 and a beta of 0.18. Pan American Silver has a 1 year low of $12.12 and a 1 year high of $18.75.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Monday, November 19th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, November 16th. Pan American Silver’s dividend payout ratio (DPR) is 27.45%.
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 La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.
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