B. Riley Comments on Pan American Silver Corp.’s FY2018 Earnings (PAAS)
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) – Equities researchers at B. Riley upped their FY2018 earnings per share estimates for shares of Pan American Silver in a research report issued on Thursday. B. Riley analyst L. Pipes now forecasts that the basic materials company will earn $0.25 per share for the year, up from their prior estimate of $0.23. B. Riley currently has a “Buy” rating and a $21.00 target price on the stock. B. Riley also issued estimates for Pan American Silver’s FY2019 earnings at $0.29 EPS.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Pan American Silver had a return on equity of 5.12% and a net margin of 12.23%. The business had revenue of $190.79 million during the quarter, compared to analyst estimates of $199.43 million. During the same period last year, the company earned $0.24 earnings per share. Pan American Silver’s quarterly revenue was down 18.3% compared to the same quarter last year.
Shares of Pan American Silver (PAAS) traded down $0.21 during trading hours on Monday, hitting $14.38. The company had a trading volume of 1,034,841 shares, compared to its average volume of 1,761,031. Pan American Silver has a twelve month low of $14.05 and a twelve month high of $21.29. The stock has a market capitalization of $2,270.07, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 7.61 and a beta of 0.09.
Institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp raised its stake in shares of Pan American Silver by 59.6% in the second quarter. Van ECK Associates Corp now owns 17,773,808 shares of the basic materials company’s stock valued at $298,955,000 after acquiring an additional 6,640,625 shares during the last quarter. BT Investment Management Ltd bought a new position in shares of Pan American Silver in the second quarter valued at approximately $120,085,000. Vanguard Group Inc. raised its stake in shares of Pan American Silver by 8.0% in the second quarter. Vanguard Group Inc. now owns 2,956,784 shares of the basic materials company’s stock valued at $49,734,000 after acquiring an additional 217,811 shares during the last quarter. Investec Asset Management LTD raised its stake in shares of Pan American Silver by 16.8% in the third quarter. Investec Asset Management LTD now owns 2,586,839 shares of the basic materials company’s stock valued at $44,106,000 after acquiring an additional 372,424 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC raised its stake in shares of Pan American Silver by 4.8% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,243,009 shares of the basic materials company’s stock valued at $21,185,000 after acquiring an additional 57,079 shares during the last quarter. Hedge funds and other institutional investors own 53.91% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Friday, November 17th. Pan American Silver’s dividend payout ratio is 16.39%.
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Pan American Silver 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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