Pan American Silver (NYSE:PAAS) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Pan American Silver (NYSE:PAAS) (TSE:PAAS) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03, Zacks reports. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%.

Pan American Silver Price Performance

PAAS traded up $3.25 on Wednesday, reaching $41.53. The stock had a trading volume of 7,112,366 shares, compared to its average volume of 5,737,625. Pan American Silver has a fifty-two week low of $33.36 and a fifty-two week high of $69.99. The firm has a 50-day moving average of $46.67 and a 200-day moving average of $51.66. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 4.37 and a beta of 0.76.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were paid a dividend of C$0.18 per share. The ex-dividend date of this dividend was Monday, August 24th. This is a boost from Pan American Silver’s previous quarterly dividend of C$0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.8%. Pan American Silver’s payout ratio is presently 22.36%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. BMO Capital Markets restated a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. Royal Bank Of Canada decreased their target price on shares of Pan American Silver from $65.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, September 16th. Zacks Research upgraded shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, Scotiabank reiterated an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.71.

About Pan American Silver

Pan American Silver Corp. is a Canada-based precious metals mining company that explores, develops and operates mines producing silver, gold, zinc, lead and other mineral concentrates. Its activities include mine development, mineral processing, exploration and related infrastructure and support services.

Founded in 1994, Pan American Silver has built a portfolio of mining operations and projects across the Americas. The company’s assets have included operations in Mexico, Peru, Bolivia, Argentina, Brazil and Chile, while certain properties in countries such as Guatemala have been placed on care and maintenance or otherwise reassessed over time.