Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) issued its earnings results on Wednesday. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03, Zacks reports. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 earnings per share.
Pan American Silver Stock Down 2.8%
PAAS traded down $1.15 on Thursday, hitting $40.34. 2,569,773 shares of the company were exchanged, compared to its average volume of 5,720,920. Pan American Silver has a twelve month low of $33.62 and a twelve month high of $69.99. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 4.30 and a beta of 0.76. 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 firm has a 50-day moving average price of $46.42 and a two-hundred day moving average price of $51.59.
Pan American Silver Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Monday, November 16th will be issued a $0.1850 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 1.8%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.1840. The ex-dividend date is Monday, November 16th. Pan American Silver’s dividend payout ratio (DPR) is 22.05%.
Analyst Ratings Changes
Several brokerages have recently commented on PAAS. Royal Bank Of Canada decreased their price target on Pan American Silver from $65.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 16th. BMO Capital Markets restated a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. Wall Street Zen cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Bank of America decreased their target price on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $67.71.
Read Our Latest Stock Analysis on PAAS
Pan American Silver Company Profile
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.
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