Pan American Silver (NYSE:PAAS) Announces Earnings Results

Pan American Silver (NYSE:PAAS) (TSE:PAAS) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03, Zacks reports. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. Pan American Silver’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS.

Pan American Silver Trading Up 8.5%

Pan American Silver stock traded up $3.25 during trading hours on Wednesday, reaching $41.53. The company had a trading volume of 7,112,366 shares, compared to its average volume of 5,737,625. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. The company has a 50-day moving average price of $46.67 and a 200 day moving average price of $51.66. The firm has a market cap of $17.19 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 4.37 and a beta of 0.76. Pan American Silver has a 12-month low of $33.36 and a 12-month high of $69.99.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were paid a C$0.18 dividend. This is an increase from Pan American Silver’s previous quarterly dividend of C$0.18. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.8%. Pan American Silver’s payout ratio is presently 22.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PAAS shares. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Royal Bank Of Canada decreased their target price on shares of Pan American Silver from $65.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th. BMO Capital Markets reiterated a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Weiss Ratings downgraded shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Finally, Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.71.

Pan American Silver Company Profile

Pan American Silver Corp. is a Canada-based precious metals mining company that explores, develops and operates mines producing silver, gold, zinc, lead and other mineral concentrates. Its activities include mine development, mineral processing, exploration and related infrastructure and support services.

Founded in 1994, Pan American Silver has built a portfolio of mining operations and projects across the Americas. The company’s assets have included operations in Mexico, Peru, Bolivia, Argentina, Brazil and Chile, while certain properties in countries such as Guatemala have been placed on care and maintenance or otherwise reassessed over time.