Edison Inv. Res Comments on Pan American Silver Corp.’s FY2023 Earnings (NYSE:PAAS)

Pan American Silver Corp. (NYSE:PAAS – Get Rating) (TSE:PAAS) – Analysts at Edison Inv. Res issued their FY2023 earnings per share estimates for shares of Pan American Silver in a research report issued on Wednesday, May 24th. Edison Inv. Res analyst A. Litvin anticipates that the basic materials company will post earnings per share of $0.37 for the year. The consensus estimate for Pan American Silver’s current full-year earnings is $0.54 per share. Edison Inv. Res also issued estimates for Pan American Silver’s FY2024 earnings at $0.78 EPS.

Several other research firms have also weighed in on PAAS. National Bank Financial reissued an “outperform spec overweight” rating on shares of Pan American Silver in a research note on Tuesday, February 28th. StockNews.com lowered Pan American Silver from a “hold” rating to a “sell” rating in a research note on Tuesday. Scotiabank started coverage on Pan American Silver in a research report on Monday, April 3rd. They issued an “outperform” rating for the company. Finally, TD Securities decreased their target price on Pan American Silver from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, February 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and an average target price of $25.50.

Pan American Silver Stock Performance

PAAS opened at $14.91 on Friday. The firm has a market cap of $3.14 billion, a PE ratio of -7.81 and a beta of 1.21. The company has a quick ratio of 0.87, a current ratio of 2.11 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $17.29 and a 200-day simple moving average of $16.99. Pan American Silver has a fifty-two week low of $13.40 and a fifty-two week high of $24.21.

Pan American Silver (NYSE:PAAS – Get Rating) (TSE:PAAS) last released its quarterly earnings data on Thursday, February 23rd. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $375.43 million for the quarter, compared to the consensus estimate of $409.65 million. Pan American Silver had a positive return on equity of 0.74% and a negative net margin of 22.82%. The business’s revenue was down 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share.

Hedge Funds Weigh In On Pan American Silver

Several institutional investors have recently bought and sold shares of the stock. Toroso Investments LLC bought a new position in shares of Pan American Silver in the first quarter worth about $218,000. Ameriprise Financial Inc. increased its stake in shares of Pan American Silver by 15.3% in the first quarter. Ameriprise Financial Inc. now owns 1,601,893 shares of the basic materials company’s stock worth $29,186,000 after purchasing an additional 212,837 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Pan American Silver by 23.7% in the first quarter. JPMorgan Chase & Co. now owns 23,786 shares of the basic materials company’s stock worth $433,000 after purchasing an additional 4,564 shares during the period. Harvest Portfolios Group Inc. bought a new position in shares of Pan American Silver in the first quarter worth about $625,000. Finally, B. Riley Wealth Advisors Inc. grew its position in Pan American Silver by 180.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 46,682 shares of the basic materials company’s stock worth $850,000 after buying an additional 30,037 shares in the last quarter. 44.11% of the stock is currently owned by institutional investors.

Pan American Silver Announces Dividend

The company also recently disclosed a None dividend, which was paid on Friday, May 12th. Investors of record on Friday, April 14th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, April 13th. This represents a yield of 2.2%. Pan American Silver’s payout ratio is -27.23%.

About Pan American Silver

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Pan American Silver Corp. engages in the operation, development, and exploration of silver and gold producing properties and assets. It operates through the Silver and Gold segments. The company was founded by Ross J. Beaty and John H. Wright on March 17, 1979 and is headquartered in Vancouver, Canada.