Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) – Research analysts at B. Riley increased their Q4 2017 earnings per share (EPS) estimates for Pan American Silver in a note issued to investors on Thursday. B. Riley analyst L. Pipes now anticipates that the basic materials company will post earnings of $0.23 per share for the quarter, up from their previous forecast of $0.22. B. Riley currently has a “Buy” rating and a $21.00 target price on the stock.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Pan American Silver had a return on equity of 5.12% and a net margin of 12.23%. The business had revenue of $190.79 million during the quarter, compared to the consensus estimate of $199.43 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. Pan American Silver’s revenue was down 18.3% compared to the same quarter last year.
Shares of Pan American Silver (PAAS) traded up $0.12 during trading on Friday, reaching $15.14. The company had a trading volume of 1,034,400 shares, compared to its average volume of 1,771,737. Pan American Silver has a 1-year low of $14.05 and a 1-year high of $21.29. The company has a market capitalization of $2,317.56, a P/E ratio of 31.52, a P/E/G ratio of 7.77 and a beta of 0.15.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp raised its holdings in shares of Pan American Silver by 59.6% in the 2nd quarter. Van ECK Associates Corp now owns 17,773,808 shares of the basic materials company’s stock valued at $298,955,000 after acquiring an additional 6,640,625 shares in the last quarter. BT Investment Management Ltd purchased a new position in shares of Pan American Silver during the 2nd quarter valued at about $120,085,000. Vanguard Group Inc. raised its holdings in shares of Pan American Silver by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,956,784 shares of the basic materials company’s stock valued at $49,734,000 after buying an additional 217,811 shares in the last quarter. Investec Asset Management LTD raised its holdings in shares of Pan American Silver by 16.8% during the 3rd quarter. Investec Asset Management LTD now owns 2,586,839 shares of the basic materials company’s stock valued at $44,106,000 after buying an additional 372,424 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its holdings in shares of Pan American Silver by 4.8% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,243,009 shares of the basic materials company’s stock valued at $21,185,000 after buying an additional 57,079 shares in the last quarter. 53.90% of the stock is currently owned by institutional investors and hedge funds.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be paid a dividend of $0.025 per share. The ex-dividend date is Friday, November 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.66%. Pan American Silver’s payout ratio is 16.39%.
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About Pan American Silver
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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