$0.05 Earnings Per Share Expected for Pan American Silver Corp. (NASDAQ:PAAS) This Quarter

Analysts expect Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) to report earnings of $0.05 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Pan American Silver’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.00. Pan American Silver posted earnings per share of $0.04 in the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, August 5th.

According to Zacks, analysts expect that Pan American Silver will report full-year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.43 to $1.47. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.70 per share, with EPS estimates ranging from $0.74 to $2.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Pan American Silver.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, May 6th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.17). The company had revenue of $358.43 million for the quarter, compared to analysts’ expectations of $373.18 million. Pan American Silver had a net margin of 2.19% and a return on equity of 5.95%. The firm’s quarterly revenue was up 41.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS.

Several research analysts recently issued reports on PAAS shares. Pi Financial reaffirmed a “buy” rating on shares of Pan American Silver in a research report on Friday, May 29th. FBR & Co cut their target price on Pan American Silver from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Scotiabank raised Pan American Silver from an “underperform” rating to a “sector perform” rating in a research report on Thursday, April 2nd. ValuEngine cut Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, March 30th. Finally, Bank of America upped their price target on Pan American Silver from $22.50 to $26.75 and gave the company a “neutral” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $27.36.

Shares of NASDAQ:PAAS traded down $0.43 during mid-day trading on Wednesday, hitting $28.10. 1,115,878 shares of the company traded hands, compared to its average volume of 3,358,830. The stock has a market cap of $5.99 billion, a P/E ratio of 190.67, a P/E/G ratio of 15.27 and a beta of 1.36. The company has a current ratio of 2.95, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12. Pan American Silver has a 12-month low of $10.61 and a 12-month high of $30.59. The stock has a 50-day moving average price of $26.25 and a two-hundred day moving average price of $22.02.

Hedge funds and other institutional investors have recently made changes to their positions in the business. WASHINGTON TRUST Co bought a new position in shares of Pan American Silver during the 1st quarter valued at about $30,000. Pathstone Family Office LLC bought a new position in shares of Pan American Silver during the 1st quarter valued at about $43,000. HighMark Wealth Management LLC bought a new position in shares of Pan American Silver during the 4th quarter valued at about $52,000. Ancora Advisors LLC bought a new position in shares of Pan American Silver during the 4th quarter valued at about $71,000. Finally, US Bancorp DE increased its position in shares of Pan American Silver by 962.6% during the 1st quarter. US Bancorp DE now owns 5,536 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 5,015 shares during the last quarter. Institutional investors and hedge funds own 51.94% of the company’s stock.

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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