Wall Street brokerages expect that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will post sales of $212.17 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Pan American Silver’s earnings. The highest sales estimate is $214.35 million and the lowest is $208.36 million. Pan American Silver posted sales of $190.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.3%. The business is expected to issue its next quarterly earnings report after the market closes on Tuesday, February 20th.
On average, analysts expect that Pan American Silver will report full year sales of $212.17 million for the current fiscal year, with estimates ranging from $799.16 million to $805.15 million. For the next financial year, analysts expect that the firm will report sales of $911.02 million per share, with estimates ranging from $868.04 million to $990.44 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Pan American Silver.
A number of research firms have commented on PAAS. B. Riley restated a “neutral” rating on shares of Pan American Silver in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Wednesday, January 10th. BidaskClub upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Canaccord Genuity restated a “buy” rating and issued a $19.00 price target on shares of Pan American Silver in a report on Friday, January 12th. Finally, Raymond James Financial upgraded shares of Pan American Silver from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 21st. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $20.95.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of Pan American Silver during the fourth quarter valued at about $126,000. SG Americas Securities LLC acquired a new position in shares of Pan American Silver during the fourth quarter valued at about $131,000. Alliancebernstein L.P. acquired a new position in shares of Pan American Silver during the second quarter valued at about $170,000. Quantbot Technologies LP acquired a new position in shares of Pan American Silver during the third quarter valued at about $177,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Pan American Silver during the fourth quarter valued at about $178,000. Hedge funds and other institutional investors own 50.26% of the company’s stock.
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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.
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