Equities research analysts expect Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) to post $244.88 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Pan American Silver’s earnings. The highest sales estimate is $274.43 million and the lowest is $215.32 million. Pan American Silver reported sales of $282.95 million in the same quarter last year, which indicates a negative year-over-year growth rate of 13.5%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, August 5th.
On average, analysts expect that Pan American Silver will report full-year sales of $1.48 billion for the current financial year. For the next year, analysts expect that the firm will report sales of $1.95 billion, with estimates ranging from $1.84 billion to $2.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for 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) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.17). The firm had revenue of $358.43 million for the quarter, compared to the consensus estimate of $373.18 million. Pan American Silver had a net margin of 2.19% and a return on equity of 5.95%. The company’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS.
Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Pan American Silver by 23.2% in the first quarter. BlackRock Inc. now owns 7,356,712 shares of the basic materials company’s stock valued at $105,422,000 after buying an additional 1,387,634 shares during the period. Cumberland Partners Ltd bought a new stake in shares of Pan American Silver during the 1st quarter valued at $196,000. Private Advisor Group LLC raised its stake in shares of Pan American Silver by 49.3% during the 1st quarter. Private Advisor Group LLC now owns 73,138 shares of the basic materials company’s stock valued at $1,048,000 after purchasing an additional 24,143 shares during the period. Legal & General Group Plc raised its stake in shares of Pan American Silver by 31.7% during the 1st quarter. Legal & General Group Plc now owns 113,507 shares of the basic materials company’s stock valued at $1,616,000 after purchasing an additional 27,352 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Pan American Silver by 4.4% during the 1st quarter. Wells Fargo & Company MN now owns 739,527 shares of the basic materials company’s stock valued at $10,597,000 after purchasing an additional 30,832 shares during the period. Hedge funds and other institutional investors own 51.94% of the company’s stock.
Shares of NASDAQ:PAAS traded down $0.43 during mid-day trading on Friday, 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.
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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