Wall Street brokerages expect Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) to report sales of $192.69 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Pan American Silver Corp.’s earnings, with the lowest sales estimate coming in at $185.05 million and the highest estimate coming in at $204.96 million. Pan American Silver Corp. posted sales of $192.26 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.2%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, August 9th.

On average, analysts expect that Pan American Silver Corp. will report full-year sales of $192.69 million for the current fiscal year, with estimates ranging from $756.47 million to $821.36 million. For the next financial year, analysts anticipate that the firm will report sales of $848.88 million per share, with estimates ranging from $817.66 million to $891.53 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Pan American Silver Corp..

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Tuesday, May 9th. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.02. The business had revenue of $198.70 million for the quarter, compared to analyst estimates of $179.02 million. Pan American Silver Corp. had a net margin of 14.56% and a return on equity of 6.13%. The firm’s revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share.

Several brokerages recently commented on PAAS. Zacks Investment Research downgraded shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday. FBR & Co lifted their target price on shares of Pan American Silver Corp. from $20.00 to $22.00 and gave the stock a “mkt perform” rating in a report on Friday, May 12th. CSFB began coverage on shares of Pan American Silver Corp. in a report on Thursday, April 13th. They issued a “neutral” rating on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $22.00 target price on shares of Pan American Silver Corp. in a report on Tuesday, May 30th. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Pan American Silver Corp. in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $19.83.

Shares of Pan American Silver Corp. (NASDAQ PAAS) traded up 3.45% during mid-day trading on Friday, hitting $16.19. The stock had a trading volume of 1,792,094 shares. The stock has a market cap of $2.48 billion, a P/E ratio of 20.94 and a beta of 0.28. The stock has a 50-day moving average price of $17.23 and a 200 day moving average price of $17.47. Pan American Silver Corp. has a 52 week low of $13.80 and a 52 week high of $21.59.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bennicas & Associates Inc. increased its position in Pan American Silver Corp. by 1.3% in the first quarter. Bennicas & Associates Inc. now owns 79,450 shares of the basic materials company’s stock valued at $1,392,000 after buying an additional 1,000 shares during the last quarter. WFG Advisors LP increased its position in Pan American Silver Corp. by 6.8% in the first quarter. WFG Advisors LP now owns 16,129 shares of the basic materials company’s stock valued at $283,000 after buying an additional 1,020 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Pan American Silver Corp. by 11.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,014 shares of the basic materials company’s stock valued at $167,000 after buying an additional 1,167 shares during the last quarter. Comerica Bank increased its position in Pan American Silver Corp. by 7.9% in the fourth quarter. Comerica Bank now owns 18,724 shares of the basic materials company’s stock valued at $327,000 after buying an additional 1,365 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Pan American Silver Corp. by 21.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,560 shares of the basic materials company’s stock valued at $237,000 after buying an additional 2,422 shares during the last quarter. Institutional investors own 49.61% of the company’s stock.

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Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

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

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