Wall Street analysts expect Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) to announce sales of $197.49 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Pan American Silver’s earnings, with the lowest sales estimate coming in at $185.19 million and the highest estimate coming in at $205.79 million. Pan American Silver reported sales of $226.03 million in the same quarter last year, which indicates a negative year-over-year growth rate of 12.6%. The firm is scheduled to announce its next earnings results on Tuesday, February 19th.

On average, analysts expect that Pan American Silver will report full year sales of $813.51 million for the current fiscal year, with estimates ranging from $796.33 million to $831.54 million. For the next financial year, analysts anticipate that the company will post sales of $1.06 billion, with estimates ranging from $843.41 million to $1.40 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Pan American Silver.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Tuesday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.10). The business had revenue of $187.70 million for the quarter, compared to analysts’ expectations of $193.93 million. Pan American Silver had a net margin of 14.75% and a return on equity of 5.15%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share.

Several analysts have recently issued reports on the stock. ValuEngine upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. TD Securities set a $23.00 target price on shares of Pan American Silver and gave the company a “buy” rating in a research report on Thursday, August 9th. Deutsche Bank set a $18.00 target price on shares of Pan American Silver and gave the company a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, BidaskClub cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.09.

Shares of NASDAQ PAAS traded up $0.46 during mid-day trading on Friday, hitting $13.84. 1,598,300 shares of the company’s stock traded hands, compared to its average volume of 1,403,564. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 7.47 and a beta of 0.18. Pan American Silver has a 1 year low of $12.12 and a 1 year high of $18.75.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Monday, November 19th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.14 annualized dividend and a yield of 1.01%. Pan American Silver’s payout ratio is 27.45%.

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its holdings in Pan American Silver by 25.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 152,687 shares of the basic materials company’s stock valued at $2,699,000 after purchasing an additional 30,748 shares during the last quarter. Tocqueville Asset Management L.P. grew its holdings in Pan American Silver by 0.9% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 4,724,126 shares of the basic materials company’s stock valued at $84,562,000 after purchasing an additional 40,000 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in Pan American Silver during the 2nd quarter valued at about $297,000. Capital Fund Management S.A. grew its holdings in Pan American Silver by 7.5% during the 3rd quarter. Capital Fund Management S.A. now owns 371,828 shares of the basic materials company’s stock valued at $5,488,000 after purchasing an additional 26,014 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in Pan American Silver by 27.3% during the 2nd quarter. Schroder Investment Management Group now owns 222,803 shares of the basic materials company’s stock valued at $3,912,000 after purchasing an additional 47,793 shares during the last quarter. Institutional investors own 51.25% of the company’s stock.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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

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