Pan American Silver (NYSE:PAAS) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Pan American Silver (NYSE:PAAS) (TSE:PAAS) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07, Briefing.com reports. The firm had revenue of $601.40 million during the quarter, compared to analyst estimates of $592.58 million. Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The company’s revenue was up 54.1% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share.

Pan American Silver Stock Up 10.0 %

NYSE:PAAS traded up $1.87 on Thursday, hitting $20.50. The stock had a trading volume of 7,972,664 shares, compared to its average volume of 4,348,692. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $20.60. The firm’s fifty day simple moving average is $16.43 and its two-hundred day simple moving average is $15.20. The stock has a market cap of $7.45 billion, a P/E ratio of -67.13, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver’s payout ratio is currently -133.33%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Scotiabank raised their price objective on shares of Pan American Silver from $19.50 to $20.00 and gave the company a “sector outperform” rating in a research note on Monday, April 8th. TD Securities decreased their target price on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research note on Friday, February 23rd. StockNews.com raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. CIBC lowered their price objective on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, BMO Capital Markets cut their price objective on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and an average price target of $21.00.

About Pan American Silver

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.