Wall Street analysts expect Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) to post sales of $200.13 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Pan American Silver’s earnings, with the lowest sales estimate coming in at $192.29 million and the highest estimate coming in at $206.19 million. Pan American Silver posted sales of $190.60 million during the same quarter last year, which suggests a positive year over year growth rate of 5%. The business is scheduled to issue its next earnings report on Wednesday, February 21st.
On average, analysts expect that Pan American Silver will report full-year sales of $200.13 million for the current financial year, with estimates ranging from $783.09 million to $799.29 million. For the next fiscal year, analysts anticipate that the firm will post sales of $836.37 million per share, with estimates ranging from $770.15 million to $897.15 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Pan American Silver.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, November 8th. The basic materials company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $190.79 million for the quarter, compared to analysts’ expectations of $199.43 million. Pan American Silver had a return on equity of 5.12% and a net margin of 12.23%. The company’s quarterly revenue was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share.
PAAS has been the topic of several research analyst reports. Raymond James Financial cut Pan American Silver from an “outperform” rating to a “market perform” rating and set a $20.50 price objective on the stock. in a report on Friday, September 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Pan American Silver in a research report on Thursday, September 7th. UBS downgraded shares of Pan American Silver from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 7th. Canaccord Genuity reiterated a “buy” rating and set a $22.00 target price on shares of Pan American Silver in a research note on Thursday, September 7th. Finally, BMO Capital Markets restated a “hold” rating and issued a $17.50 price objective on shares of Pan American Silver in a research note on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Pan American Silver has an average rating of “Buy” and a consensus target price of $21.50.
Hedge funds have recently made changes to their positions in the business. Blair William & Co. IL boosted its holdings in shares of Pan American Silver by 1.7% in the 2nd quarter. Blair William & Co. IL now owns 70,578 shares of the basic materials company’s stock valued at $1,187,000 after buying an additional 1,208 shares during the period. Shell Asset Management Co. boosted its holdings in shares of Pan American Silver by 148.3% in the 3rd quarter. Shell Asset Management Co. now owns 37,145 shares of the basic materials company’s stock valued at $457,000 after buying an additional 22,186 shares during the period. JPMorgan Chase & Co. lifted its position in Pan American Silver by 452.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock valued at $7,251,000 after purchasing an additional 353,037 shares during the last quarter. Adirondack Research & Management Inc. lifted its position in Pan American Silver by 35.0% in the 2nd quarter. Adirondack Research & Management Inc. now owns 160,700 shares of the basic materials company’s stock valued at $2,703,000 after purchasing an additional 41,700 shares during the last quarter. Finally, AJO LP bought a new stake in Pan American Silver in the 2nd quarter valued at about $12,239,000. 53.91% of the stock is owned by institutional investors.
Shares of Pan American Silver (NASDAQ:PAAS) traded up $0.23 during trading hours on Monday, reaching $14.44. The company had a trading volume of 1,083,700 shares, compared to its average volume of 1,757,439. The company has a market capitalization of $2,211.87, a PE ratio of 30.08, a P/E/G ratio of 7.42 and a beta of 0.09. Pan American Silver has a 52 week low of $13.99 and a 52 week high of $21.29.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, November 17th. Pan American Silver’s dividend payout ratio is currently 16.39%.
Pan American Silver Company Profile
Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.
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