Pan American Silver (NASDAQ:PAAS) Posts Quarterly Earnings Results

Pan American Silver (NASDAQ:PAAS – Get Rating) (TSE:PAAS) issued its quarterly earnings data on Wednesday. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.07), MarketWatch Earnings reports. Pan American Silver had a return on equity of 6.16% and a net margin of 5.98%. During the same period in the previous year, the business posted $0.18 EPS.

Shares of PAAS traded down $0.93 during mid-day trading on Thursday, reaching $21.01. 3,781,086 shares of the company’s stock were exchanged, compared to its average volume of 2,630,602. The company has a quick ratio of 1.29, a current ratio of 2.58 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $26.89 and a two-hundred day simple moving average of $25.30. Pan American Silver has a 52-week low of $20.59 and a 52-week high of $34.70. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 46.80, a PEG ratio of 5.26 and a beta of 1.25.

The business also recently announced a quarterly dividend, which was paid on Monday, March 21st. Shareholders of record on Monday, March 7th were issued a $0.094 dividend. The ex-dividend date was Friday, March 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.79%. Pan American Silver’s dividend payout ratio (DPR) is presently 104.35%.

Several institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC increased its stake in shares of Pan American Silver by 1.9% during the 4th quarter. LPL Financial LLC now owns 80,313 shares of the basic materials company’s stock worth $2,005,000 after purchasing an additional 1,501 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Pan American Silver by 32.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,465 shares of the basic materials company’s stock worth $312,000 after acquiring an additional 2,830 shares during the period. BlackRock Inc. grew its stake in Pan American Silver by 2.5% in the 1st quarter. BlackRock Inc. now owns 122,288 shares of the basic materials company’s stock worth $3,339,000 after acquiring an additional 2,987 shares during the period. Bank of New York Mellon Corp grew its stake in Pan American Silver by 2.5% in the 1st quarter. Bank of New York Mellon Corp now owns 224,029 shares of the basic materials company’s stock worth $6,115,000 after acquiring an additional 5,501 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Pan American Silver by 14.2% in the 4th quarter. Advisors Asset Management Inc. now owns 56,214 shares of the basic materials company’s stock worth $1,404,000 after acquiring an additional 6,992 shares during the period. 44.25% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the stock. Canaccord Genuity Group upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Thursday. TD Securities reduced their price objective on shares of Pan American Silver from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 25th. National Bank Financial raised their price objective on shares of Pan American Silver from C$41.00 to C$47.00 in a research report on Wednesday, April 20th. TheStreet upgraded shares of Pan American Silver from a “c+” rating to a “b-” rating in a research report on Friday, March 25th. Finally, Zacks Investment Research raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, May 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $36.13.

About Pan American Silver (Get Rating)

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines.

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