Zacks: Analysts Expect Pan American Silver Corp. (NASDAQ:PAAS) Will Post Quarterly Sales of $244.88 Million

Analysts expect Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) to post sales of $244.88 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Pan American Silver’s earnings, with the lowest sales estimate coming in at $215.32 million and the highest estimate coming in at $274.43 million. Pan American Silver reported sales of $282.95 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 13.5%. The business is scheduled to announce its next earnings report 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 fiscal year, analysts expect that the business 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 a mean average based on a survey of analysts that that provide coverage for Pan American Silver.

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

A number of research firms have recently commented on PAAS. Zacks Investment Research raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Saturday, June 20th. Canaccord Genuity lowered shares of Pan American Silver from a “buy” rating to a “hold” rating and set a $23.50 price target on the stock. in a research report on Thursday, May 7th. Bank of America raised their price objective on shares of Pan American Silver from $22.50 to $26.75 and gave the stock a “neutral” rating in a research note on Friday, June 12th. Royal Bank of Canada restated a “buy” rating and issued a $22.00 price objective on shares of Pan American Silver in a research note on Thursday, April 30th. Finally, B. Riley raised their price objective on shares of Pan American Silver from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.36.

Shares of NASDAQ:PAAS traded down $0.43 during trading on Friday, reaching $28.10. The stock had a trading volume of 1,115,878 shares, compared to its average volume of 3,358,830. Pan American Silver has a 52 week low of $10.61 and a 52 week high of $30.59. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 190.67, a P/E/G ratio of 15.27 and a beta of 1.36. The company has a quick ratio of 1.65, a current ratio of 2.95 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $26.25 and a two-hundred day simple moving average of $22.02.

Institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new position in shares of Pan American Silver in the fourth quarter valued at about $9,831,000. WASHINGTON TRUST Co bought a new position in shares of Pan American Silver in the first quarter valued at about $30,000. HighMark Wealth Management LLC bought a new position in shares of Pan American Silver in the fourth quarter valued at about $52,000. Ancora Advisors LLC bought a new position in shares of Pan American Silver in the fourth quarter valued at about $71,000. Finally, Pathstone Family Office LLC bought a new position in shares of Pan American Silver in the first quarter valued at about $43,000. 51.94% of the stock is owned by institutional investors and hedge funds.

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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