$196.52 Million in Sales Expected for Pan American Silver Corp. (PAAS) This Quarter
Brokerages predict that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will report $196.52 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Pan American Silver Corp.’s earnings, with estimates ranging from $185.10 million to $213.54 million. Pan American Silver Corp. posted sales of $233.65 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 15.9%. The business is expected to announce its next earnings results on Monday, November 13th.
On average, analysts expect that Pan American Silver Corp. will report full year sales of $196.52 million for the current year, with estimates ranging from $756.47 million to $813.49 million. For the next fiscal year, analysts anticipate that the business will report sales of $845.36 million per share, with estimates ranging from $814.13 million to $884.48 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Pan American Silver Corp..
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The company had revenue of $201.30 million for the quarter, compared to analysts’ expectations of $184.96 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis.
A number of brokerages have recently issued reports on PAAS. BidaskClub downgraded shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Royal Bank Of Canada raised their price target on shares of Pan American Silver Corp. from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, August 14th. TheStreet downgraded shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a report on Friday, July 28th. Zacks Investment Research downgraded shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, TD Securities restated a “buy” rating on shares of Pan American Silver Corp. in a report on Wednesday, May 10th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Pan American Silver Corp. has a consensus rating of “Hold” and an average price target of $20.61.
Shares of Pan American Silver Corp. (NASDAQ:PAAS) opened at 17.52 on Friday. The company has a market capitalization of $2.68 billion, a PE ratio of 22.40 and a beta of 0.29. The firm’s 50-day moving average price is $16.62 and its 200 day moving average price is $17.45. Pan American Silver Corp. has a 52 week low of $13.80 and a 52 week high of $21.29.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 21st will be issued a $0.025 dividend. The ex-dividend date is Thursday, August 17th. This represents a $0.10 annualized dividend and a yield of 0.57%. Pan American Silver Corp.’s dividend payout ratio (DPR) is presently 12.82%.
Hedge funds have recently bought and sold shares of the stock. BT Investment Management Ltd bought a new stake in Pan American Silver Corp. during the second quarter valued at $120,085,000. Van ECK Associates Corp increased its stake in Pan American Silver Corp. by 59.6% in the second quarter. Van ECK Associates Corp now owns 17,773,808 shares of the basic materials company’s stock valued at $298,955,000 after buying an additional 6,640,625 shares during the period. AJO LP bought a new stake in Pan American Silver Corp. during the second quarter valued at $12,239,000. Westpac Banking Corp increased its stake in Pan American Silver Corp. by 8.5% in the first quarter. Westpac Banking Corp now owns 6,498,934 shares of the basic materials company’s stock valued at $113,861,000 after buying an additional 506,413 shares during the period. Finally, Schroder Investment Management Group bought a new stake in Pan American Silver Corp. during the first quarter valued at $8,204,000. Hedge funds and other institutional investors own 49.91% of the company’s stock.
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About Pan American Silver Corp.
Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.
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