$407.10 Million in Sales Expected for Pan American Silver Corp. (NASDAQ:PAAS) This Quarter

Wall Street brokerages expect that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will announce $407.10 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Pan American Silver’s earnings, with the highest sales estimate coming in at $417.40 million and the lowest estimate coming in at $396.80 million. Pan American Silver posted sales of $173.36 million in the same quarter last year, which indicates a positive year over year growth rate of 134.8%. The company is expected to report its next earnings report after the market closes on Wednesday, February 19th.

According to Zacks, analysts expect that Pan American Silver will report full-year sales of $1.28 billion for the current year, with estimates ranging from $1.26 billion to $1.30 billion. For the next year, analysts forecast that the company will post sales of $1.55 billion, with estimates ranging from $1.46 billion to $1.69 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Pan American Silver.

A number of equities research analysts recently weighed in on the company. TheStreet upgraded Pan American Silver from a “c” rating to a “b” rating in a research note on Thursday, November 7th. ValuEngine cut Pan American Silver from a “hold” rating to a “sell” rating in a research note on Saturday, January 18th. Deutsche Bank cut Pan American Silver from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research note on Thursday, January 9th. B. Riley dropped their price target on Pan American Silver from $23.20 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Finally, BidaskClub upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.29.

A number of hedge funds have recently bought and sold shares of the business. Moors & Cabot Inc. boosted its stake in Pan American Silver by 2.6% in the third quarter. Moors & Cabot Inc. now owns 31,974 shares of the basic materials company’s stock valued at $507,000 after buying an additional 808 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Pan American Silver by 0.6% during the third quarter. CIBC Asset Management Inc now owns 169,017 shares of the basic materials company’s stock valued at $2,648,000 after purchasing an additional 1,086 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Pan American Silver by 10.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,409 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 1,309 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Pan American Silver by 3.3% during the third quarter. Commonwealth Equity Services LLC now owns 55,539 shares of the basic materials company’s stock valued at $870,000 after purchasing an additional 1,757 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its stake in shares of Pan American Silver by 10.3% during the fourth quarter. Sowell Financial Services LLC now owns 22,050 shares of the basic materials company’s stock valued at $522,000 after purchasing an additional 2,050 shares in the last quarter. Hedge funds and other institutional investors own 54.01% of the company’s stock.

Shares of Pan American Silver stock traded down $0.09 on Friday, reaching $22.42. 2,452,929 shares of the company were exchanged, compared to its average volume of 2,572,633. Pan American Silver has a one year low of $10.26 and a one year high of $24.02. The company has a 50-day moving average of $22.61 and a 200 day moving average of $18.99. The company has a current ratio of 2.76, a quick ratio of 1.50 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 560.50, a PEG ratio of 7.74 and a beta of 0.27.

About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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Earnings History and Estimates for Pan American Silver (NASDAQ:PAAS)

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