Pan American Silver (PAAS) to Release Earnings on Wednesday

Pan American Silver (NYSE:PAAS) (TSE:PAAS) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The company had revenue of $669.60 million for the quarter, compared to analysts’ expectations of $657.65 million. During the same period in the previous year, the business posted ($0.02) EPS. On average, analysts expect Pan American Silver to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $18.25 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $20.60. The stock’s fifty day simple moving average is $16.05 and its 200-day simple moving average is $15.13.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.19%. The ex-dividend date was Friday, March 1st. Pan American Silver’s payout ratio is -133.33%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PAAS. Scotiabank lifted their price target on shares of Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a report on Monday, April 8th. StockNews.com raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. CIBC reduced their price target on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. TD Securities lowered their price objective on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, Jefferies Financial Group upped their target price on Pan American Silver from $14.00 to $17.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.