Brokerages expect Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) to announce earnings per share (EPS) of $0.25 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Pan American Silver’s earnings, with estimates ranging from $0.17 to $0.40. Pan American Silver posted earnings of ($0.01) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 2,600%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, February 19th.
On average, analysts expect that Pan American Silver will report full year earnings of $0.65 per share for the current financial year, with EPS estimates ranging from $0.46 to $0.87. For the next fiscal year, analysts anticipate that the company will report earnings of $0.73 per share, with EPS estimates ranging from $0.36 to $1.12. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Pan American Silver.
Several research firms have recently commented on PAAS. Deutsche Bank downgraded Pan American Silver from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a report on Thursday, January 9th. Royal Bank of Canada restated a “buy” rating and issued a $23.00 price target on shares of Pan American Silver in a research note on Sunday, February 9th. Zacks Investment Research cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America cut Pan American Silver from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 16th. Finally, ValuEngine cut Pan American Silver from a “hold” rating to a “sell” rating in a research note on Saturday, January 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.29.
Shares of NASDAQ PAAS traded down $0.09 during trading hours on Friday, hitting $22.42. The company had a trading volume of 2,452,929 shares, compared to its average volume of 2,572,633. The stock 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. The company has a quick ratio of 1.50, a current ratio of 2.76 and a debt-to-equity ratio of 0.14. Pan American Silver has a 1-year low of $10.26 and a 1-year high of $24.02. The firm’s 50 day moving average is $22.61 and its 200-day moving average is $18.99.
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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