Zacks: Analysts Expect Pan American Silver Corp. (NASDAQ:PAAS) Will Announce Earnings of $0.25 Per Share

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.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in Pan American Silver by 2.4% during the 4th quarter. Van ECK Associates Corp now owns 25,743,391 shares of the basic materials company’s stock worth $609,861,000 after buying an additional 614,884 shares during the period. Vanguard Group Inc. increased its position in Pan American Silver by 10.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,495,778 shares of the basic materials company’s stock worth $70,950,000 after buying an additional 538,363 shares during the period. Tocqueville Asset Management L.P. increased its position in shares of Pan American Silver by 9.8% in the third quarter. Tocqueville Asset Management L.P. now owns 4,896,126 shares of the basic materials company’s stock worth $76,771,000 after purchasing an additional 436,500 shares during the period. FMR LLC increased its position in shares of Pan American Silver by 34.8% in the fourth quarter. FMR LLC now owns 3,435,376 shares of the basic materials company’s stock worth $81,385,000 after purchasing an additional 886,344 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Pan American Silver by 28.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,670,004 shares of the basic materials company’s stock worth $63,335,000 after purchasing an additional 594,100 shares during the period. Institutional investors and hedge funds own 54.01% of the company’s stock.

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

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