Wall Street analysts expect Pan American Silver Corp. (NASDAQ:PAAS – Get Rating) (TSE:PAAS) to post $417.61 million in sales for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for Pan American Silver’s earnings, with the highest sales estimate coming in at $451.54 million and the lowest estimate coming in at $396.81 million. Pan American Silver posted sales of $368.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.5%. The company is scheduled to report its next earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Pan American Silver will report full year sales of $1.70 billion for the current year, with estimates ranging from $1.60 billion to $1.80 billion. For the next year, analysts forecast that the firm will post sales of $1.75 billion, with estimates ranging from $1.56 billion to $2.25 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Pan American Silver.
Pan American Silver (NASDAQ:PAAS – Get Rating) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, February 23rd. The basic materials company reported $0.19 earnings per share for the quarter. Pan American Silver had a return on equity of 6.16% and a net margin of 5.98%. The business had revenue of $422.17 million for the quarter. During the same quarter last year, the business posted $0.57 earnings per share.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Evoke Wealth LLC increased its holdings in Pan American Silver by 90.4% in the 4th quarter. Evoke Wealth LLC now owns 990 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 470 shares during the last quarter. Confluence Investment Management LLC increased its holdings in Pan American Silver by 4.7% in the 4th quarter. Confluence Investment Management LLC now owns 10,719 shares of the basic materials company’s stock worth $268,000 after acquiring an additional 477 shares during the last quarter. Hollencrest Capital Management increased its holdings in Pan American Silver by 3.0% in the 1st quarter. Hollencrest Capital Management now owns 17,117 shares of the basic materials company’s stock worth $468,000 after acquiring an additional 500 shares during the last quarter. Sigma Planning Corp increased its holdings in Pan American Silver by 2.5% in the 1st quarter. Sigma Planning Corp now owns 26,879 shares of the basic materials company’s stock worth $734,000 after acquiring an additional 654 shares during the last quarter. Finally, Achmea Investment Management B.V. increased its holdings in Pan American Silver by 4.0% in the 3rd quarter. Achmea Investment Management B.V. now owns 19,482 shares of the basic materials company’s stock worth $453,000 after acquiring an additional 754 shares during the last quarter. 44.65% of the stock is owned by institutional investors.
Shares of NASDAQ:PAAS opened at $24.77 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 stock’s fifty day simple moving average is $26.98 and its two-hundred day simple moving average is $25.38. Pan American Silver has a 1-year low of $20.74 and a 1-year high of $36.14. The stock has a market cap of $5.21 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 5.41 and a beta of 1.27.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 21st. Investors of record on Monday, March 7th were issued a $0.094 dividend. This represents a $0.38 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, March 4th. Pan American Silver’s dividend payout ratio (DPR) is currently 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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