Pan American Silver (NYSE:PAAS) Announces Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) posted its earnings results on Wednesday. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.21, Zacks reports. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The business’s revenue was up 44.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS.

Pan American Silver Stock Performance

Shares of NYSE:PAAS traded up $2.46 during midday trading on Thursday, hitting $60.47. The stock had a trading volume of 1,246,280 shares, compared to its average volume of 8,905,188. Pan American Silver has a 1 year low of $20.55 and a 1 year high of $69.99. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $55.53 and a two-hundred day moving average price of $43.37. The company has a market capitalization of $25.51 billion, a PE ratio of 34.74, a P/E/G ratio of 0.56 and a beta of 0.66.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a $0.18 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.2%. Pan American Silver’s dividend payout ratio (DPR) is 32.37%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Jefferies Financial Group lowered their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Bank of America raised their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Finally, Scotiabank raised their price target on shares of Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.60.

Get Our Latest Stock Report on PAAS

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PAAS. FIL Ltd boosted its holdings in Pan American Silver by 154.7% during the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after buying an additional 4,438,478 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Pan American Silver by 148.3% in the 2nd quarter. Bank of America Corp DE now owns 3,368,233 shares of the basic materials company’s stock worth $95,658,000 after acquiring an additional 2,011,862 shares during the period. Man Group plc increased its stake in Pan American Silver by 252.0% in the 2nd quarter. Man Group plc now owns 1,667,132 shares of the basic materials company’s stock valued at $47,347,000 after purchasing an additional 1,193,458 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Pan American Silver by 1,121.9% during the third quarter. Qube Research & Technologies Ltd now owns 1,182,051 shares of the basic materials company’s stock worth $45,781,000 after purchasing an additional 1,085,313 shares during the last quarter. Finally, UBS Group AG boosted its position in Pan American Silver by 71.0% during the third quarter. UBS Group AG now owns 2,385,606 shares of the basic materials company’s stock worth $92,395,000 after purchasing an additional 990,712 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver News Summary

Here are the key news stories impacting Pan American Silver this week:

Pan American Silver Company Profile

(Get Free Report)

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.

Further Reading

Earnings History for Pan American Silver (NYSE:PAAS)

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