Pan American Silver (PAAS) to Release Earnings on Tuesday

Pan American Silver (NYSE:PAAS) (TSE:PAAS) will announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.04). Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The business had revenue of $686.30 million for the quarter, compared to analyst estimates of $696.08 million. During the same period in the prior year, the company earned $0.04 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts expect Pan American Silver to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $22.99 on Monday. The stock has a fifty day moving average of $21.74 and a 200-day moving average of $21.05. The company has a market capitalization of $8.35 billion, a PE ratio of -58.95 and a beta of 1.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06. Pan American Silver has a one year low of $12.16 and a one year high of $26.05.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a $0.10 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 1.74%. Pan American Silver’s dividend payout ratio (DPR) is presently -102.56%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. CIBC lifted their price target on Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Scotiabank raised their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 16th. Finally, Jefferies Financial Group upped their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.93.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.