Pan American Silver (NYSE:PAAS) Announces Earnings Results

Pan American Silver (NYSE:PAAS) (TSE:PAAS) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07, Briefing.com reports. The business had revenue of $601.40 million during the quarter, compared to the consensus estimate of $592.58 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The business’s revenue for the quarter was up 54.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share.

Pan American Silver Trading Up 8.3 %

Shares of PAAS traded up $1.55 during mid-day trading on Thursday, reaching $20.18. The stock had a trading volume of 6,936,726 shares, compared to its average volume of 4,334,467. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. The business’s fifty day moving average is $16.43 and its 200 day moving average is $15.20. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $20.60. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of -67.13, a P/E/G ratio of 2.49 and a beta of 1.36.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.10 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.98%. Pan American Silver’s dividend payout ratio is presently -133.33%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PAAS. BMO Capital Markets cut their price objective on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Jefferies Financial Group boosted their target price on shares of Pan American Silver from $14.00 to $17.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. TD Securities cut their price objective on shares of Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a report on Friday, February 23rd. StockNews.com raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, CIBC lowered their price target on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.00.

Pan American Silver Company Profile

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.