Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) – National Bank Financial raised their FY2019 earnings per share (EPS) estimates for shares of Pan American Silver in a research note issued to investors on Monday, May 20th, Zacks Investment Research reports. National Bank Financial analyst D. Demarco now forecasts that the basic materials company will post earnings per share of $0.32 for the year, up from their previous estimate of $0.05. National Bank Financial currently has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Pan American Silver’s FY2020 earnings at $0.56 EPS and FY2021 earnings at $1.17 EPS.
Several other equities analysts also recently commented on PAAS. B. Riley reaffirmed a “neutral” rating and issued a $12.50 target price (down previously from $22.00) on shares of Pan American Silver in a research report on Friday, March 1st. BidaskClub downgraded shares of Pan American Silver from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 14th. TheStreet downgraded shares of Pan American Silver from a “b-” rating to a “c” rating in a research note on Friday, February 22nd. ValuEngine downgraded shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $21.00 price objective on shares of Pan American Silver in a research note on Friday, February 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.97.
Shares of Pan American Silver stock traded down $0.06 during midday trading on Thursday, hitting $11.63. 2,808,718 shares of the company were exchanged, compared to its average volume of 2,077,073. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.83 and a quick ratio of 2.74. The company has a market capitalization of $1.81 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 10.43 and a beta of 0.03. Pan American Silver has a 52 week low of $10.26 and a 52 week high of $18.40.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The company had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $240.67 million. Pan American Silver had a positive return on equity of 2.11% and a negative net margin of 0.34%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 earnings per share.
A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Pan American Silver by 465.8% in the third quarter. JPMorgan Chase & Co. now owns 200,163 shares of the basic materials company’s stock worth $2,955,000 after acquiring an additional 164,783 shares in the last quarter. Vanguard Group Inc. grew its position in Pan American Silver by 4.0% during the third quarter. Vanguard Group Inc. now owns 3,615,559 shares of the basic materials company’s stock worth $53,366,000 after buying an additional 137,450 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Pan American Silver during the fourth quarter worth approximately $187,000. Clean Yield Group acquired a new stake in Pan American Silver during the fourth quarter worth approximately $110,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Pan American Silver during the fourth quarter worth approximately $395,000. Institutional investors own 73.74% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 21st were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Monday, May 20th. Pan American Silver’s dividend payout ratio is presently 35.90%.
Pan American Silver Company Profile
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.
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