Analysts Anticipate Pan American Silver Corp. (NASDAQ:PAAS) Will Post Quarterly Sales of $456.34 Million

Equities research analysts predict that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will announce sales of $456.34 million for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Pan American Silver’s earnings, with estimates ranging from $424.65 million to $499.08 million. Pan American Silver reported sales of $430.46 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6%. The company is scheduled to report its next earnings report on Wednesday, February 16th.

According to Zacks, analysts expect that Pan American Silver will report full-year sales of $1.67 billion for the current fiscal year, with estimates ranging from $1.64 billion to $1.78 billion. For the next financial year, analysts expect that the company will post sales of $1.96 billion, with estimates ranging from $1.69 billion to $2.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Pan American Silver.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Monday, November 8th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.17). Pan American Silver had a net margin of 15.40% and a return on equity of 9.26%. During the same period last year, the company earned $0.34 earnings per share.

A number of equities research analysts recently weighed in on the company. National Bankshares decreased their target price on Pan American Silver from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Thursday, November 11th. Zacks Investment Research raised Pan American Silver from a “strong sell” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets decreased their target price on Pan American Silver from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Monday, August 16th. Finally, National Bank Financial cut their price target on shares of Pan American Silver from $49.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, November 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $41.60.

Institutional investors and hedge funds have recently made changes to their positions in the business. Archer Investment Corp bought a new position in shares of Pan American Silver in the third quarter valued at approximately $25,000. Geneos Wealth Management Inc. raised its stake in shares of Pan American Silver by 284.9% in the third quarter. Geneos Wealth Management Inc. now owns 1,351 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 1,000 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Pan American Silver in the second quarter valued at approximately $34,000. TFO TDC LLC bought a new position in shares of Pan American Silver in the third quarter valued at approximately $34,000. Finally, IFP Advisors Inc raised its stake in shares of Pan American Silver by 250.0% in the second quarter. IFP Advisors Inc now owns 1,400 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 48.23% of the company’s stock.

PAAS stock traded up $0.23 during trading on Thursday, reaching $26.41. 1,551,444 shares of the stock were exchanged, compared to its average volume of 2,444,284. Pan American Silver has a twelve month low of $22.27 and a twelve month high of $39.62. The company has a market capitalization of $5.55 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 24.29 and a beta of 1.26. The stock has a 50 day simple moving average of $25.34 and a 200-day simple moving average of $27.51. The company has a current ratio of 2.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.01.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 3rd. Shareholders of record on Monday, November 22nd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Friday, November 19th. Pan American Silver’s dividend payout ratio is 33.33%.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, development, extraction, processing, refining, and reclamation of mineral properties. It owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. The company operates through the following segments: Silver, Gold, and Other. Pan American Silver was founded by Ross J.

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Earnings History and Estimates for Pan American Silver (NASDAQ:PAAS)

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