Pan American Silver (NYSE:PAAS) Announces Earnings Results

Pan American Silver (NYSE:PAAS) (TSE:PAAS) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35, Zacks reports. Pan American Silver had a negative net margin of 2.37% and a positive return on equity of 3.07%.

Pan American Silver Stock Down 1.6 %

PAAS traded down $0.39 on Wednesday, reaching $24.29. The company’s stock had a trading volume of 2,680,734 shares, compared to its average volume of 2,915,053. The stock has a 50 day moving average of $22.24 and a two-hundred day moving average of $21.86. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of -142.84 and a beta of 1.28. Pan American Silver has a fifty-two week low of $12.19 and a fifty-two week high of $26.05.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. Pan American Silver’s payout ratio is -235.28%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus price target of $25.92.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.