B. Riley Comments on Pan American Silver Corp.’s FY2018 Earnings (PAAS)
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) – Equities research analysts at B. Riley increased their FY2018 earnings per share estimates for shares of Pan American Silver in a note issued to investors on Thursday. B. Riley analyst L. Pipes now expects that the basic materials company will earn $0.25 per share for the year, up from their prior estimate of $0.23. B. Riley currently has a “Buy” rating and a $21.00 target price on the stock. B. Riley also issued estimates for Pan American Silver’s FY2019 earnings at $0.29 EPS.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $190.79 million during the quarter, compared to analysts’ expectations of $199.43 million. Pan American Silver had a return on equity of 5.12% and a net margin of 12.23%. The business’s revenue was down 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS.
Shares of Pan American Silver (PAAS) opened at $14.87 on Monday. The stock has a market capitalization of $2,277.73, a PE ratio of 30.98, a P/E/G ratio of 7.64 and a beta of 0.09. Pan American Silver has a 1 year low of $14.05 and a 1 year high of $21.29.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, November 17th. Pan American Silver’s dividend payout ratio is presently 16.39%.
A number of institutional investors and hedge funds have recently bought and sold shares of PAAS. Vanguard Group Inc. raised its stake in Pan American Silver by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 2,738,973 shares of the basic materials company’s stock valued at $47,986,000 after acquiring an additional 91,617 shares during the last quarter. Geode Capital Management LLC raised its stake in Pan American Silver by 14.9% during the 1st quarter. Geode Capital Management LLC now owns 80,299 shares of the basic materials company’s stock valued at $1,406,000 after acquiring an additional 10,429 shares during the last quarter. TD Asset Management Inc. raised its stake in Pan American Silver by 1.3% during the 2nd quarter. TD Asset Management Inc. now owns 1,226,602 shares of the basic materials company’s stock valued at $20,599,000 after acquiring an additional 15,400 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Pan American Silver by 4.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 97,403 shares of the basic materials company’s stock valued at $1,636,000 after acquiring an additional 4,003 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in Pan American Silver by 8.0% during the 2nd quarter. Foundry Partners LLC now owns 448,965 shares of the basic materials company’s stock valued at $7,552,000 after acquiring an additional 33,426 shares during the last quarter. 53.91% of the stock is owned by hedge funds and other institutional investors.
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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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