Brokerages Anticipate Pan American Silver Corp. (NASDAQ:PAAS) to Announce $0.05 EPS

Wall Street analysts predict that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will post earnings per share of $0.05 for the current fiscal quarter, according to Zacks. Two analysts have provided 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 of $0.04 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, August 5th.

On average, analysts expect that Pan American Silver will report full year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.43 to $1.47. For the next fiscal year, analysts expect that the business will report earnings of $1.70 per share, with EPS estimates ranging from $0.74 to $2.26. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Pan American Silver.

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

Several brokerages have recently weighed in on PAAS. Canaccord Genuity downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and set a $23.50 target price for the company. in a research note on Thursday, May 7th. Scotiabank upgraded shares of Pan American Silver from an “underperform” rating to a “sector perform” rating in a research note on Thursday, April 2nd. Pi Financial restated a “buy” rating on shares of Pan American Silver in a research note on Friday, May 29th. Royal Bank of Canada restated a “buy” rating and issued a $22.00 target price on shares of Pan American Silver in a research note on Thursday, April 30th. Finally, Bank of America upped their target price on shares of Pan American Silver from $22.50 to $26.75 and gave the company a “neutral” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $27.36.

Several large investors have recently modified their holdings of PAAS. WASHINGTON TRUST Co acquired a new stake in shares of Pan American Silver during the first quarter worth $30,000. Pathstone Family Office LLC acquired a new stake in shares of Pan American Silver during the first quarter worth $43,000. HighMark Wealth Management LLC acquired a new stake in shares of Pan American Silver during the fourth quarter worth $52,000. Ancora Advisors LLC acquired a new stake in shares of Pan American Silver in the 4th quarter worth about $71,000. Finally, US Bancorp DE increased its holdings in shares of Pan American Silver by 962.6% in the 1st quarter. US Bancorp DE now owns 5,536 shares of the basic materials company’s stock worth $79,000 after acquiring an additional 5,015 shares during the period. 51.94% of the stock is currently owned by institutional investors.

Shares of Pan American Silver stock traded down $0.43 during trading hours on Wednesday, hitting $28.10. The company’s stock had a trading volume of 1,115,878 shares, compared to its average volume of 3,358,830. The company has a market capitalization of $5.99 billion, a PE ratio of 190.67, a P/E/G ratio of 15.27 and a beta of 1.36. The business has a fifty day moving average of $26.25 and a 200 day moving average of $22.02. The company has a quick ratio of 1.65, a current ratio of 2.95 and a debt-to-equity ratio of 0.12. Pan American Silver has a 1-year low of $10.61 and a 1-year high of $30.59.

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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