Pan American Silver Corp. (NASDAQ: PAAS) is expected to generate earnings of $ 0.29 per share
Wall Street brokers believe Pan American Silver Corp. (NASDAQ: PAAS) (TSE: PAAS) will announce earnings per share (EPS) of $ 0.29 for the current fiscal year, according to Zacks. Nine analysts have published estimates of Pan American Silver’s earnings. The lowest EPS estimate is $ 0.18 and the highest is $ 0.43. Pan American Silver reported earnings of $ 0.57 per share for the same quarter last year, indicating a negative year-over-year growth rate of 49.1%. The company will announce its next earnings results after the market closes on Wednesday, February 23rd.
According to Zacks, analysts expect Pan American Silver to post full year earnings of $ 0.86 per share for the current fiscal year, with EPS estimates ranging between $ 0.66 and $ 1.16. For the next year, analysts expect the company to post earnings of $ 1.84 per share, with EPS estimates ranging from $ 1.32 to $ 2.67. Zacks Investment Research’s earnings per share calculations are a median based on a survey of research firms covering Pan American Silver.
Pan American Silver (NASDAQ: PAAS) (TSE: PAAS) last announced its winning results on Monday November 8th. The materials company reported earnings per share (EPS) of $ 0.18 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.35 ($ 0.17). Pan American Silver had a net margin of 15.40% and a return on equity of 9.26%. For the same quarter last year, the company had earnings per share of $ 0.34.
A number of analysts recently released reports on the PAAS stock. National Bank Financial lowered its price target for Pan American Silver from $ 49.00 to $ 48.00 and rated the stock as “Outperform” in a research note on Thursday, November 11th. National Bankshares lowered its price target for Pan American Silver shares from CAD 49.00 to CAD 48.00 and rated the stock as “outperform” in a research note dated Thursday, November 11th. Finally, on Wednesday November 24th, Zacks Investment Research upgraded Pan American Silver’s shares from a “strong sell” rating to a “hold” rating in a research release. Two analysts have given the share a hold rating and five have given it a buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $ 41.60.
Several hedge funds have recently changed their positions in the company. Vanguard Group Inc. increased its stake in Pan American Silver 0.9% in the second quarter. Vanguard Group Inc. now owns 6,247,915 shares in the basic materials company valued at $ 178,503,000 after purchasing an additional 58,674 shares last quarter. Bel Air Investment Advisors LLC acquired a new position in Pan American Silver in the second quarter valued at approximately $ 414,000. PNC Financial Services Group Inc. increased its holdings in Pan American Silver 6.2% in the second quarter. PNC Financial Services Group Inc. now owns 15,006 shares in the basic materials company valued at $ 429,000 after purchasing an additional 876 shares last quarter. The Swiss National Bank increased its holdings in Pan American Silver by 5.8% in the second quarter. The Swiss National Bank now owns 901,400 shares in the basic materials company, valued at USD 25,791,000, after purchasing an additional 49,200 shares in the last quarter. Finally, National Asset Management Inc. increased its holdings in Pan American Silver by 1.2% in the second quarter. National Asset Management Inc. now owns 48,284 shares in the materials company, valued at $ 1,380,000, after purchasing an additional 576 shares last quarter. 48.23% of the shares are currently owned by hedge funds and other institutional investors.
PAAS stock rose $ 0.17 during Monday’s trading to hit $ 25.19. The share had a trading volume of 43,831 shares compared to an average volume of 2,412,511 shares. The company has a leverage ratio of 0.01, a current ratio of 2.69, and a quick ratio of 1.33. The company’s 50-day moving average price is $ 25.46 and the company’s 200-day moving average price is $ 26.19. The stock has a market cap of $ 5.30 billion, a P / E of 20.99, a PEG of 11.60, and a beta of 1.26. Pan American Silver has a twelve month low of $ 21.39 and a twelve month high of $ 39.62.
The company also recently announced a quarterly dividend, which was paid on Friday, December 3rd. Shareholders of record on Monday, November 22nd, received a dividend of $ 0.10 per share. The ex-dividend date of this dividend was Friday November 19th. This equates to an annualized dividend of $ 0.40 and a dividend yield of 1.59%. Pan American Silver’s payout ratio is 33.33%.
Pan American Silver company profile
Pan American Silver Corp. deals with the exploration, development, extraction, processing, refining and recultivation of mineral properties. It owns and operates silver mines in Peru, Mexico, Argentina, and Bolivia. The company operates in the following segments: silver, gold and other. Pan American Silver was created by Ross J.
Featured Article: What is the Volume of Put Options?
Get a Free Copy of the Zacks Research Report on Pan American Silver (PAAS)
For more information on Zacks Investment Research’s research offerings, please visit Zacks.com
This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $ 1,000 in Pan American Silver now?
Before you consider Pan American Silver, this is what you should hear.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to customers to buy now, before the broader market takes hold … and Pan American Silver wasn’t on the list.
While Pan American Silver is currently rated “Buy” by analysts, top-rated analysts think these five stocks are better buys.
Check out the 5 stocks here