Pan American Silver Corp. (PAAS) Expected to Post Earnings of $0.18 Per Share

Equities analysts expect that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will report earnings of $0.18 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Pan American Silver’s earnings, with estimates ranging from $0.12 to $0.26. Pan American Silver reported earnings per share of $0.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The business is scheduled to announce its next earnings results after the market closes on Tuesday, February 20th.

According to Zacks, analysts expect that Pan American Silver will report full year earnings of $0.50 per share for the current year, with EPS estimates ranging from $0.47 to $0.53. For the next fiscal year, analysts forecast that the company will report earnings of $0.76 per share, with EPS estimates ranging from $0.73 to $0.78. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Pan American Silver.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted 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. Pan American Silver had a return on equity of 5.12% and a net margin of 12.23%. The firm had revenue of $190.79 million during the quarter, compared to analysts’ expectations of $199.43 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The company’s revenue was down 18.3% on a year-over-year basis.

A number of research firms have issued reports on PAAS. Zacks Investment Research raised Pan American Silver from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Thursday. Canaccord Genuity reissued a “buy” rating and issued a $19.00 target price on shares of Pan American Silver in a research note on Friday, January 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 target price on shares of Pan American Silver in a research note on Tuesday, January 9th. Scotiabank set a $21.00 target price on Pan American Silver and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, BidaskClub raised Pan American Silver from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $21.00.

Pan American Silver (PAAS) traded down $0.56 during trading hours on Monday, reaching $16.27. The company’s stock had a trading volume of 460,330 shares, compared to its average volume of 1,469,196. Pan American Silver has a 1 year low of $13.99 and a 1 year high of $21.29. The firm has a market capitalization of $2,577.96, a PE ratio of 26.74, a price-to-earnings-growth ratio of 5.55 and a beta of 0.09.

Several hedge funds have recently bought and sold shares of PAAS. Legal & General Group Plc boosted its position in shares of Pan American Silver by 5.7% during the second quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock worth $307,000 after buying an additional 990 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Pan American Silver by 452.4% during the second quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock worth $7,251,000 after buying an additional 353,037 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Pan American Silver during the second quarter worth about $170,000. Vanguard Group Inc. boosted its position in shares of Pan American Silver by 8.0% during the second quarter. Vanguard Group Inc. now owns 2,956,784 shares of the basic materials company’s stock worth $49,734,000 after buying an additional 217,811 shares during the period. Finally, Advisor Group Inc. boosted its position in shares of Pan American Silver by 3.9% during the second quarter. Advisor Group Inc. now owns 21,567 shares of the basic materials company’s stock worth $362,000 after buying an additional 800 shares during the period. 53.99% of the stock is owned by 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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