Pan American Silver Corp. Expected to Earn FY2018 Earnings of $0.25 Per Share (PAAS)

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) – B. Riley upped their FY2018 earnings per share (EPS) estimates for shares of Pan American Silver in a report released on Thursday. B. Riley analyst L. Pipes now anticipates that the basic materials company will post earnings per share of $0.25 for the year, up from their previous forecast of $0.23. B. Riley has a “Buy” rating and a $21.00 price objective on the stock. B. Riley also issued estimates for Pan American Silver’s FY2019 earnings at $0.29 EPS.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. Pan American Silver had a net margin of 9.34% and a return on equity of 4.74%. The business had revenue of $190.79 million during the quarter, compared to the consensus estimate of $199.43 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was down 18.3% compared to the same quarter last year.

A number of other brokerages also recently commented on PAAS. BidaskClub downgraded shares of Pan American Silver from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Royal Bank Of Canada set a $22.00 price objective on shares of Pan American Silver and gave the company a “buy” rating in a research report on Thursday, August 10th. Canaccord Genuity restated a “buy” rating and issued a $22.00 price objective 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 report on Thursday, September 7th. Finally, Raymond James Financial downgraded shares of Pan American Silver from an “outperform” rating to a “market perform” rating and set a $20.50 price objective for the company. in a research report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Pan American Silver currently has a consensus rating of “Buy” and an average price target of $21.59.

Shares of Pan American Silver (PAAS) traded down $0.23 on Monday, hitting $14.59. 914,871 shares of the stock traded hands, compared to its average volume of 1,764,134. Pan American Silver has a twelve month low of $14.05 and a twelve month high of $21.29. The firm has a market capitalization of $2,240.00, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 7.64 and a beta of 0.09.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 20th were given a $0.025 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.69%. Pan American Silver’s payout ratio is currently 16.39%.

A number of institutional investors have recently modified their holdings of PAAS. BT Investment Management Ltd purchased a new position in Pan American Silver in the second quarter valued at about $120,085,000. Van ECK Associates Corp increased its holdings in Pan American Silver by 59.6% in the second quarter. Van ECK Associates Corp now owns 17,773,808 shares of the basic materials company’s stock valued at $298,955,000 after buying an additional 6,640,625 shares in the last quarter. AJO LP purchased a new position in Pan American Silver in the second quarter valued at about $12,239,000. Investec Asset Management LTD increased its holdings in Pan American Silver by 16.8% in the third quarter. Investec Asset Management LTD now owns 2,586,839 shares of the basic materials company’s stock valued at $44,106,000 after buying an additional 372,424 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Pan American Silver by 452.4% in the second quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock valued at $7,251,000 after buying an additional 353,037 shares in the last quarter. 53.91% of the stock is owned by institutional investors.

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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.

Earnings History and Estimates for Pan American Silver (NASDAQ:PAAS)

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