Pan American Silver Corp. (PAAS) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02, RTT News reports. The firm had revenue of $190.79 million for the quarter, compared to analyst estimates of $199.43 million. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The business’s revenue for the quarter was down 18.3% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share.
Shares of Pan American Silver Corp. (PAAS) traded down $0.42 during midday trading on Friday, hitting $14.62. 3,974,224 shares of the company’s stock traded hands, compared to its average volume of 1,788,961. The company has a quick ratio of 2.29, a current ratio of 3.78 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2,240.00, a P/E ratio of 28.07, a PEG ratio of 8.56 and a beta of 0.15. Pan American Silver Corp. has a 12 month low of $13.80 and a 12 month high of $21.29.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be paid a dividend of $0.025 per share. The ex-dividend date is Friday, November 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.68%. Pan American Silver Corp.’s dividend payout ratio (DPR) is 16.39%.
Several equities research analysts have recently commented on PAAS shares. Canaccord Genuity restated a “buy” rating and set a $23.00 price objective on shares of Pan American Silver Corp. in a report on Friday, October 6th. Royal Bank Of Canada restated an “outperform” rating on shares of Pan American Silver Corp. in a research note on Thursday, September 7th. BidaskClub lowered Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. cut Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 target price for the company. in a report on Friday, September 8th. Finally, UBS AG cut Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $20.90.
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Pan American Silver Corp. Company Profile
Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.
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