Pan American Silver Corp. (NASDAQ:PAAS) to Release Quarterly Earnings on Wednesday
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will be releasing its earnings data after the market closes on Wednesday, August 9th. Analysts expect Pan American Silver Corp. to post earnings of $0.10 per share for the quarter.
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 9th. The basic materials company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The firm had revenue of $198.70 million for the quarter, compared to analysts’ expectations of $179.02 million. Pan American Silver Corp. had a net margin of 14.56% and a return on equity of 6.13%. The firm’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. On average, analysts expect Pan American Silver Corp. to post $0.45 EPS for the current fiscal year and $0.78 EPS for the next fiscal year.
Shares of Pan American Silver Corp. (NASDAQ:PAAS) opened at 15.80 on Tuesday. Pan American Silver Corp. has a 52-week low of $13.80 and a 52-week high of $21.59. The stock’s 50 day moving average is $16.53 and its 200 day moving average is $17.58. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 20.44 and a beta of 0.29.
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PAAS has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Pan American Silver Corp. from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. BMO Capital Markets restated a “hold” rating and set a $17.50 target price on shares of Pan American Silver Corp. in a research report on Thursday, June 29th. Credit Suisse Group restated a “neutral” rating on shares of Pan American Silver Corp. in a research report on Tuesday, April 18th. Royal Bank Of Canada restated a “buy” rating and set a $22.00 target price on shares of Pan American Silver Corp. in a research report on Tuesday, May 30th. Finally, TD Securities restated a “buy” rating on shares of Pan American Silver Corp. in a research report on Wednesday, May 10th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.83.
About Pan American Silver Corp.
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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