Pan American Silver Corp. (PAAS) Set to Announce Quarterly Earnings on Wednesday
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will issue its quarterly earnings data after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings results 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. The company had revenue of $201.30 million for the quarter, compared to analysts’ expectations of $184.96 million. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, analysts expect Pan American Silver Corp. to post $0.47 EPS for the current fiscal year and $0.6 EPS for the next fiscal year.
Shares of Pan American Silver Corp. (NASDAQ:PAAS) opened at 16.33 on Wednesday. Pan American Silver Corp. has a 52 week low of $13.80 and a 52 week high of $21.29. The company has a 50-day moving average price of $17.21 and a 200 day moving average price of $17.17. The stock has a market capitalization of $2.50 billion, a PE ratio of 20.88 and a beta of 0.14.
PAAS has been the subject of a number of research analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $23.00 target price on shares of Pan American Silver Corp. in a research report on Friday, October 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Pan American Silver Corp. in a research report on Thursday, September 7th. BidaskClub lowered Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. lowered Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 target price for the company. in a research report on Friday, September 8th. Finally, UBS AG lowered Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 7th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $20.89.
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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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