Pan American Silver Corp. (PAAS) Set to Announce Quarterly Earnings on Wednesday
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will announce its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The business had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $184.96 million. During the same period in the prior year, the business earned $0.13 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect Pan American Silver Corp. to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Pan American Silver Corp. (NASDAQ:PAAS) opened at $16.32 on Tuesday. Pan American Silver Corp. has a 1-year low of $13.80 and a 1-year high of $21.29. The firm has a market capitalization of $2,473.68, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 8.64 and a beta of 0.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.78 and a quick ratio of 2.29.
Several equities research analysts have weighed in on PAAS shares. Zacks Investment Research upgraded Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Raymond James Financial, Inc. lowered Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price target for the company. in a research report on Friday, September 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Pan American Silver Corp. in a research report on Thursday, September 7th. UBS AG lowered Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 7th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $22.00 price target on shares of Pan American Silver Corp. in a research report on Thursday, September 7th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Pan American Silver Corp. currently has an average rating of “Hold” and an average target price of $20.89.
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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