Pan American Silver Corp. (NASDAQ:PAAS) Expected to Post Quarterly Sales of $407.10 Million

Wall Street brokerages expect that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will post $407.10 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Pan American Silver’s earnings. The lowest sales estimate is $396.80 million and the highest is $417.40 million. Pan American Silver posted sales of $173.36 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 134.8%. The company is expected to issue its next earnings report after the market closes on Wednesday, February 19th.

According to Zacks, analysts expect that Pan American Silver will report full-year sales of $1.28 billion for the current fiscal year, with estimates ranging from $1.26 billion to $1.30 billion. For the next year, analysts anticipate that the company will post sales of $1.55 billion, with estimates ranging from $1.46 billion to $1.69 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Pan American Silver.

Several equities analysts recently issued reports on the company. TheStreet upgraded Pan American Silver from a “c” rating to a “b” rating in a research report on Thursday, November 7th. BidaskClub upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 21st. Bank of America cut Pan American Silver from a “neutral” rating to an “underperform” rating in a report on Thursday, January 16th. Zacks Investment Research cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Friday. Finally, B. Riley cut their price objective on Pan American Silver from $23.20 to $19.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Pan American Silver presently has an average rating of “Hold” and a consensus price target of $23.29.

Shares of Pan American Silver stock traded down $0.09 during trading on Friday, hitting $22.42. 2,452,929 shares of the company were exchanged, compared to its average volume of 2,572,633. The firm has a market capitalization of $4.70 billion, a P/E ratio of 560.50, a price-to-earnings-growth ratio of 7.74 and a beta of 0.27. Pan American Silver has a 1-year low of $10.26 and a 1-year high of $24.02. The firm’s fifty day moving average price is $22.61 and its 200 day moving average price is $18.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.76 and a quick ratio of 1.50.

Several large investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC lifted its holdings in shares of Pan American Silver by 359.4% during the 4th quarter. Cubist Systematic Strategies LLC now owns 126,475 shares of the basic materials company’s stock valued at $2,996,000 after buying an additional 98,942 shares during the period. Manatuck Hill Partners LLC lifted its holdings in shares of Pan American Silver by 25.0% during the 4th quarter. Manatuck Hill Partners LLC now owns 50,000 shares of the basic materials company’s stock valued at $1,185,000 after buying an additional 10,000 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Pan American Silver during the 4th quarter valued at $572,000. Euro Pacific Asset Management LLC bought a new position in shares of Pan American Silver during the 4th quarter valued at $4,690,000. Finally, Ancora Advisors LLC bought a new position in shares of Pan American Silver during the 4th quarter valued at $71,000. 54.01% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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

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