Zacks: Brokerages Anticipate Pan American Silver Corp. (NASDAQ:PAAS) Will Announce Earnings of $0.20 Per Share

Wall Street brokerages expect that Pan American Silver Corp. (NASDAQ:PAAS – Get Rating) (TSE:PAAS) will report $0.20 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Pan American Silver’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.31. Pan American Silver reported earnings of $0.18 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 11.1%. The business is scheduled to report its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Pan American Silver will report full-year earnings of $0.99 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $1.37. For the next financial year, analysts forecast that the company will report earnings of $1.39 per share, with EPS estimates ranging from $0.83 to $1.87. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Pan American Silver.

Pan American Silver (NASDAQ:PAAS – Get Rating) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 23rd. The basic materials company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $422.17 million during the quarter. Pan American Silver had a net margin of 5.98% and a return on equity of 6.16%. During the same period in the prior year, the company posted $0.57 earnings per share.

Several research firms recently issued reports on PAAS. TheStreet raised shares of Pan American Silver from a “c+” rating to a “b-” rating in a report on Friday, March 25th. Canaccord Genuity Group cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Friday, February 25th. Zacks Investment Research upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research note on Wednesday. StockNews.com assumed coverage on shares of Pan American Silver in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, BMO Capital Markets cut their target price on shares of Pan American Silver from $32.00 to $29.00 in a research note on Thursday, January 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver presently has an average rating of “Buy” and an average price target of $40.40.

Institutional investors have recently made changes to their positions in the stock. Evoke Wealth LLC increased its position in shares of Pan American Silver by 90.4% during the 4th quarter. Evoke Wealth LLC now owns 990 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 470 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Pan American Silver by 284.9% during the 3rd quarter. Geneos Wealth Management Inc. now owns 1,351 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 1,000 shares during the last quarter. TFO TDC LLC bought a new stake in Pan American Silver during the 3rd quarter worth about $34,000. Destiny Wealth Partners LLC bought a new stake in Pan American Silver during the 1st quarter worth about $41,000. Finally, UMB Bank N A MO bought a new stake in Pan American Silver during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 44.65% of the company’s stock.

NASDAQ PAAS opened at $25.10 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.29 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $26.96 and a 200 day simple moving average of $25.37. The company has a market cap of $5.28 billion, a P/E ratio of 54.57, a P/E/G ratio of 6.52 and a beta of 1.27. Pan American Silver has a 1 year low of $20.74 and a 1 year high of $36.14.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Monday, March 7th were paid a $0.094 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Friday, March 4th. Pan American Silver’s dividend payout ratio is 104.35%.

Pan American Silver Company Profile (Get Rating)

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines.

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