Pan American Silver Corp. (NASDAQ:PAAS) Expected to Post Quarterly Sales of $349.12 Million

Analysts forecast that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will announce $349.12 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Pan American Silver’s earnings, with estimates ranging from $315.06 million to $381.12 million. Pan American Silver posted sales of $216.46 million in the same quarter last year, which suggests a positive year over year growth rate of 61.3%. The business is expected to announce its next earnings report on Wednesday, August 14th.

On average, analysts expect that Pan American Silver will report full year sales of $1.31 billion for the current financial year, with estimates ranging from $1.17 billion to $1.41 billion. For the next year, analysts forecast that the firm will report sales of $1.39 billion, with estimates ranging from $1.32 billion to $1.46 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Pan American Silver.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.03. Pan American Silver had a negative net margin of 0.34% and a positive return on equity of 2.11%. The firm had revenue of $232.60 million for the quarter, compared to the consensus estimate of $240.67 million. During the same period in the previous year, the company earned $0.20 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis.

PAAS has been the topic of several research reports. Zacks Investment Research downgraded shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd. BidaskClub downgraded shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th. ValuEngine upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research note on Saturday, June 1st. National Bank Financial initiated coverage on shares of Pan American Silver in a research note on Tuesday, March 26th. They set a “sector perform” rating on the stock. Finally, B. Riley reissued a “neutral” rating and issued a $12.50 target price (down previously from $22.00) on shares of Pan American Silver in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $16.97.

A number of hedge funds and other institutional investors have recently modified their holdings of PAAS. Claybrook Capital LLC purchased a new stake in Pan American Silver in the fourth quarter worth approximately $33,000. PNC Financial Services Group Inc. increased its position in shares of Pan American Silver by 83.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,400 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 2,000 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Pan American Silver during the first quarter worth about $80,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Pan American Silver during the first quarter worth about $106,000. Finally, Investors Research Corp acquired a new stake in shares of Pan American Silver during the first quarter worth about $131,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

NASDAQ:PAAS opened at $13.14 on Wednesday. Pan American Silver has a one year low of $10.26 and a one year high of $18.40. The firm has a market capitalization of $2.05 billion, a P/E ratio of 33.69, a P/E/G ratio of 11.64 and a beta of 0.03. The company has a fifty day moving average of $11.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.74 and a current ratio of 3.83.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 21st were issued a $0.035 dividend. The ex-dividend date was Monday, May 20th. This represents a $0.14 dividend on an annualized basis and a yield of 1.07%. Pan American Silver’s dividend payout ratio (DPR) is presently 35.90%.

About Pan American Silver

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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