Wall Street analysts expect Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) to announce $195.42 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Pan American Silver’s earnings, with the lowest sales estimate coming in at $186.77 million and the highest estimate coming in at $205.79 million. Pan American Silver posted sales of $226.03 million in the same quarter last year, which suggests a negative year-over-year growth rate of 13.5%. The firm is expected to issue its next earnings results on Tuesday, February 19th.

On average, analysts expect that Pan American Silver will report full-year sales of $810.89 million for the current financial year, with estimates ranging from $795.27 million to $831.54 million. For the next year, analysts forecast that the business will report sales of $855.69 million, with estimates ranging from $793.28 million to $930.56 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Pan American Silver.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Tuesday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.10). The company had revenue of $187.70 million for the quarter, compared to the consensus estimate of $193.93 million. Pan American Silver had a return on equity of 5.15% and a net margin of 14.75%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share.

Several equities analysts have weighed in on PAAS shares. BidaskClub upgraded Pan American Silver from a “strong sell” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Deutsche Bank set a $18.00 target price on Pan American Silver and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. TD Securities set a $23.00 target price on Pan American Silver and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, ValuEngine raised Pan American Silver from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $20.33.

Shares of PAAS traded down $1.47 during trading hours on Friday, hitting $12.66. 9,173,101 shares of the company were exchanged, compared to its average volume of 1,381,033. The firm has a market cap of $2.19 billion, a PE ratio of 24.82, a P/E/G ratio of 6.81 and a beta of 0.21. Pan American Silver has a one year low of $12.12 and a one year high of $18.75.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Monday, November 19th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Friday, November 16th. Pan American Silver’s dividend payout ratio (DPR) is presently 27.45%.

Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its holdings in Pan American Silver by 33.7% during the first quarter. Legal & General Group Plc now owns 41,121 shares of the basic materials company’s stock valued at $662,000 after purchasing an additional 10,368 shares in the last quarter. Pendal Group Ltd boosted its holdings in Pan American Silver by 14.1% during the second quarter. Pendal Group Ltd now owns 868,845 shares of the basic materials company’s stock valued at $15,552,000 after purchasing an additional 107,063 shares in the last quarter. Foundry Partners LLC boosted its holdings in Pan American Silver by 9.7% during the second quarter. Foundry Partners LLC now owns 582,940 shares of the basic materials company’s stock valued at $10,435,000 after purchasing an additional 51,330 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Pan American Silver during the second quarter valued at approximately $1,000,000. Finally, Alps Advisors Inc. boosted its holdings in Pan American Silver by 408.2% during the second quarter. Alps Advisors Inc. now owns 544,015 shares of the basic materials company’s stock valued at $8,465,000 after purchasing an additional 436,958 shares in the last quarter. 48.89% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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Earnings History and Estimates for Pan American Silver (NASDAQ:PAAS)

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