Analysts Expect Pan American Silver Corp. (NASDAQ:PAAS) to Announce $0.20 EPS

Brokerages expect that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will announce earnings per share (EPS) of $0.21 for the current quarter, according to Zacks. Two analysts have made estimates for Pan American Silver’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.19. Pan American Silver reported earnings of ($0.01) per share in the same quarter last year, which suggests a positive year over year growth rate of 2,200%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 19th.

According to Zacks, analysts expect that Pan American Silver will report full-year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.28 to $0.67. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.84 per share, with EPS estimates ranging from $0.62 to $1.01. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Pan American Silver.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.25. The firm had revenue of $352.19 million during the quarter, compared to analyst estimates of $324.87 million. Pan American Silver had a return on equity of 4.09% and a net margin of 2.51%. The business’s quarterly revenue was up 87.6% on a year-over-year basis. During the same period last year, the company posted ($0.03) EPS.

A number of equities research analysts have weighed in on PAAS shares. TheStreet upgraded Pan American Silver from a “c” rating to a “b” rating in a report on Thursday, November 7th. Zacks Investment Research downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Royal Bank of Canada upgraded shares of Pan American Silver from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $17.00 to $23.00 in a research note on Thursday, September 5th. BidaskClub upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, B. Riley cut their target price on shares of Pan American Silver from $23.20 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $21.64.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Usca Ria LLC bought a new position in shares of Pan American Silver in the 3rd quarter worth $36,000. Flagship Harbor Advisors LLC increased its stake in Pan American Silver by 339.8% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 3,395 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 2,623 shares in the last quarter. Cerebellum GP LLC bought a new stake in Pan American Silver during the 3rd quarter valued at $126,000. Tower Research Capital LLC TRC increased its stake in Pan American Silver by 25.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,345 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Comerica Bank acquired a new position in Pan American Silver during the second quarter worth $166,000. Hedge funds and other institutional investors own 53.92% of the company’s stock.

Shares of Pan American Silver stock opened at $20.54 on Friday. The stock’s 50-day moving average is $17.54 and its 200 day moving average is $15.43. Pan American Silver has a one year low of $10.26 and a one year high of $20.54. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 52.67, a PEG ratio of 9.34 and a beta of 0.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.76 and a quick ratio of 1.50.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a $0.035 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.14 dividend on an annualized basis and a yield of 0.68%. Pan American Silver’s dividend payout ratio (DPR) is presently 35.90%.

About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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

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