Pan American Silver Corp. (NASDAQ:PAAS) expects earnings of $0.25 per share
Analysts expect Pan American Silver Corp. (NASDAQ:PAAS – Get Rating) (TSE:PAAS) will report earnings per share (EPS) of $0.25 for the current quarter, reports Zacks Investment Research. Nine analysts have provided estimates for Pan American Silver’s earnings, with estimates ranging from $0.16 to $0.34. Pan American Silver reported earnings of $0.22 per share for the same quarter last year, indicating a positive growth rate of 13.6% year over year. The company is expected to provide its next earnings report on Monday, January 1st.
On average, analysts expect Pan American Silver to report year-to-date full-year earnings per share of $0.97, with EPS estimates ranging from $0.59 to $1.37. For the next fiscal year, analysts expect the company to report earnings of $1.31 per share, with EPS estimates ranging from $0.81 to $1.91. Zacks earnings per share calculations are an average based on a survey of sell-side research firms covering Pan American Silver.
Pan American Silver (NASDAQ:PAAS – Get Rating) (TSE:PAAS) last announced earnings results on Wednesday, May 11th. The materials company reported earnings per share (EPS) of $0.15 for the quarter, missing the consensus estimate of $0.22 ($0.07). Pan American Silver had a return on equity of 5.90% and a net margin of 10.70%. In the same period last year, the company earned $0.18 per share.
A number of research companies have recently commented on PAAS. TD Securities lowered its price target on Pan American Silver to $30.00 from $36.00 and rated the stock a “buy” in a research note on Friday, May 13. StockNews.com began coverage of Pan American Silver in a research note on Thursday, March 31st. You give the stock a “hold” rating. National Bank Financial upgraded on Wednesday, March 20. TheStreet upgraded Pan American Silver from a “c+” rating to a “b-” rating in a research note on Friday, March 25. Finally, Canaccord Genuity Group upgraded Pan American Silver to a buy rating from a “hold” rating and placed a price target of $30.00 on the company in a report Thursday, May 12. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $34.43.
Several major investors have recently bought and sold shares in the company. Van ECK Associates Corp increased its position in Pan American Silver shares by 7.1% during the first quarter. Van ECK Associates Corp now owns 22,401,326 shares of the materials company, valued at $611,556,000, after purchasing an additional 1,475,300 shares last quarter. Vanguard Group Inc. increased its position in Pan American Silver by 1.8% in the first quarter. Vanguard Group Inc. now owns 6,691,874 shares of the materials company, valued at $182,687,000, after purchasing an additional 121,281 shares last quarter. Mirae Asset Global Investments Co.Ltd. increased its stake in Pan American Silver by 5.3% in the first quarter. Mirae Asset Global Investments Co.Ltd. now owns 4,233,059 shares of the materials company, valued at $115,563,000, after purchasing an additional 211,279 shares last quarter. ETF Managers Group LLC increased its stake in Pan American Silver by 11.7% during the fourth quarter. ETF Managers Group LLC now owns 3,432,092 shares of the materials company, valued at $85,920,000, after purchasing an additional 358,482 shares last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Pan American Silver shares by 13.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,788,285 shares of the materials company, valued at $69,620,000, after purchasing an additional 322,330 shares last quarter. Hedge funds and other institutional investors own 44.25% of the company’s shares.
PAAS shares opened at $23.07 on Thursday. The stock’s 50-day simple moving average is $24.95 and its 200-day simple moving average is $24.72. Pan American Silver has a 52-week low of $20.59 and a 52-week high of $32.43. The company has a gearing ratio of 0.01, a quick ratio of 1.41 and a current ratio of 2.71. The company has a market cap of $4.86 billion, a P/E of 26.83, a price-to-earnings-to-growth ratio of 3.40 and a beta of 1.26.
The company also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Stockholders of record on Tuesday, May 24 received a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday May 23rd. That equates to an annualized dividend of $0.48 and a dividend yield of 2.08%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.09. Pan American Silver’s payout ratio is currently 55.81%.
About Pan American Silver (received rating)
Pan American Silver Corp. is engaged, together with its subsidiaries, in the exploration, mine development, extraction, processing, refining and reclamation of silver, gold, zinc, lead and copper mines in Canada, Mexico, Peru, Argentina and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este and Navidad mines.
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