Edison Inv. Res Comments on Pan American Silver Corp.’s FY2023 Earnings (NYSE:PAAS)

Posted by Bonnie Powley on May 26th, 2023

Pan American Silver Corp. (NYSE:PAAS – Get Rating) (TSE:PAAS) – Edison Inv. Res issued their FY2023 earnings per share (EPS) estimates for Pan American Silver in a research note issued on Wednesday, May 24th. Edison Inv. Res analyst A. Litvin forecasts that the basic materials company will post earnings of $0.37 per share for the year. The consensus estimate for Pan American Silver’s current full-year earnings is $0.54 per share. Edison Inv. Res also issued estimates for Pan American Silver’s FY2024 earnings at $0.78 EPS.

Pan American Silver (NYSE:PAAS – Get Rating) (TSE:PAAS) last announced its quarterly earnings results on Thursday, February 23rd. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $375.43 million during the quarter, compared to analyst estimates of $409.65 million. Pan American Silver had a negative net margin of 22.82% and a positive return on equity of 0.74%. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share.

A number of other brokerages also recently issued reports on PAAS. Scotiabank began coverage on Pan American Silver in a report on Monday, April 3rd. They issued an “outperform” rating for the company. National Bank Financial reissued an “outperform spec overweight” rating on shares of Pan American Silver in a report on Tuesday, February 28th. StockNews.com downgraded Pan American Silver from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, TD Securities decreased their price objective on Pan American Silver from $23.00 to $22.00 and set a “buy” rating for the company in a report on Friday, February 24th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Pan American Silver Stock Performance

Shares of PAAS opened at $14.98 on Friday. The stock has a 50 day moving average price of $17.36 and a 200 day moving average price of $16.99. The company has a quick ratio of 0.87, a current ratio of 2.11 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of -7.84 and a beta of 1.21. Pan American Silver has a 52-week low of $13.40 and a 52-week high of $24.21.

Pan American Silver Announces Dividend

The business also recently declared a None dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, April 14th were paid a dividend of $0.10 per share. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, April 13th. Pan American Silver’s dividend payout ratio (DPR) is presently -27.23%.

Institutional Investors Weigh In On Pan American Silver

Large investors have recently modified their holdings of the stock. Duality Advisers LP purchased a new stake in shares of Pan American Silver during the fourth quarter worth approximately $198,000. MQS Management LLC purchased a new stake in shares of Pan American Silver during the third quarter worth approximately $161,000. Royal Bank of Canada raised its stake in shares of Pan American Silver by 0.5% during the third quarter. Royal Bank of Canada now owns 2,887,137 shares of the basic materials company’s stock worth $45,847,000 after purchasing an additional 13,267 shares during the last quarter. Metis Global Partners LLC purchased a new stake in shares of Pan American Silver during the fourth quarter worth approximately $176,000. Finally, Euro Pacific Asset Management LLC raised its stake in shares of Pan American Silver by 7.5% during the third quarter. Euro Pacific Asset Management LLC now owns 627,349 shares of the basic materials company’s stock worth $10,061,000 after purchasing an additional 43,800 shares during the last quarter. Hedge funds and other institutional investors own 44.11% of the company’s stock.

About Pan American Silver

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Pan American Silver Corp. engages in the operation, development, and exploration of silver and gold producing properties and assets. It operates through the Silver and Gold segments. The company was founded by Ross J. Beaty and John H. Wright on March 17, 1979 and is headquartered in Vancouver, Canada.