Brokerages Expect Pan American Silver (PAAS) Will Announce Quarterly Sales of $222.71 Million

Equities research analysts predict that Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) will announce sales of $222.71 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Pan American Silver’s earnings, with estimates ranging from $214.48 million to $231.47 million. Pan American Silver reported sales of $201.32 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.6%. The company is scheduled to report its next earnings report on Wednesday, August 8th.

According to Zacks, analysts expect that Pan American Silver will report full-year sales of $890.34 million for the current fiscal year, with estimates ranging from $855.24 million to $954.91 million. For the next financial year, analysts expect that the company will post sales of $966.17 million per share, with estimates ranging from $888.31 million to $1.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Pan American Silver.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, May 9th. The basic materials company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. Pan American Silver had a return on equity of 6.35% and a net margin of 18.19%. The business had revenue of $206.96 million during the quarter, compared to the consensus estimate of $215.73 million. During the same period in the prior year, the company posted $0.06 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis.

Several research firms recently commented on PAAS. Canaccord Genuity reissued a “buy” rating and issued a $19.50 price objective on shares of Pan American Silver in a research note on Wednesday, April 4th. BidaskClub raised Pan American Silver from a “sell” rating to a “hold” rating in a research note on Saturday, March 24th. ValuEngine raised Pan American Silver from a “sell” rating to a “hold” rating in a research note on Friday, March 23rd. Deutsche Bank reduced their price objective on Pan American Silver from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, March 15th. Finally, Zacks Investment Research downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $21.10.

Institutional investors and hedge funds have recently modified their holdings of the business. Cerebellum GP LLC acquired a new stake in shares of Pan American Silver in the 4th quarter worth $126,000. SG Americas Securities LLC acquired a new stake in shares of Pan American Silver in the 4th quarter worth $131,000. Two Sigma Securities LLC acquired a new stake in shares of Pan American Silver in the 4th quarter worth $178,000. Verition Fund Management LLC acquired a new stake in shares of Pan American Silver in the 1st quarter worth $276,000. Finally, First Republic Investment Management Inc. acquired a new stake in shares of Pan American Silver in the 4th quarter worth $328,000. 51.93% of the stock is owned by institutional investors and hedge funds.

NASDAQ PAAS traded up $0.28 during mid-day trading on Friday, hitting $17.54. The stock had a trading volume of 49,099 shares, compared to its average volume of 1,388,290. Pan American Silver has a twelve month low of $17.39 and a twelve month high of $17.64. The company has a market cap of $2.71 billion, a P/E ratio of 28.06, a P/E/G ratio of 5.59 and a beta of 0.28.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Tuesday, May 22nd will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Monday, May 21st. Pan American Silver’s dividend payout ratio (DPR) is presently 27.45%.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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

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