Pan American Silver (NYSE:PAAS) Posts Earnings Results, Misses Expectations By $0.11 EPS

Pan American Silver (NYSE:PAAS) (TSE:PAAS) issued its earnings results on Wednesday. The basic materials company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.11), Zacks reports. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%.

Pan American Silver Stock Performance

Shares of PAAS stock traded up $0.67 during trading hours on Wednesday, hitting $52.46. The stock had a trading volume of 4,206,035 shares, compared to its average volume of 6,299,750. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The firm has a market capitalization of $21.88 billion, a PE ratio of 16.87, a PEG ratio of 4.48 and a beta of 0.73. The stock’s 50 day moving average is $46.07 and its 200 day moving average is $53.41. Pan American Silver has a twelve month low of $30.59 and a twelve month high of $69.99.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Zacks Research downgraded shares of Pan American Silver from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and increased their price objective for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Bank of America cut their target price on Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PAAS. Jump Financial LLC purchased a new stake in shares of Pan American Silver in the fourth quarter valued at about $200,000. Parkside Financial Bank & Trust raised its holdings in Pan American Silver by 100.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,220 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 610 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in Pan American Silver in the third quarter valued at about $113,000. Wexford Capital LP acquired a new stake in Pan American Silver in the third quarter valued at about $171,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Pan American Silver by 82.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,102 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 1,399 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.