Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) – Analysts at B. Riley raised their FY2019 earnings estimates for Pan American Silver in a research report issued to clients and investors on Wednesday, November 13th. B. Riley analyst A. Graf now expects that the basic materials company will post earnings per share of $0.67 for the year, up from their prior forecast of $0.26. B. Riley has a “Neutral” rating and a $19.00 price target on the stock. B. Riley also issued estimates for Pan American Silver’s Q4 2019 earnings at $0.23 EPS, FY2020 earnings at $0.72 EPS and FY2021 earnings at $1.36 EPS.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. Pan American Silver had a return on equity of 4.09% and a net margin of 2.51%. The business had revenue of $352.19 million for the quarter, compared to the consensus estimate of $324.87 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. Pan American Silver’s revenue for the quarter was up 87.6% compared to the same quarter last year.
Shares of PAAS stock opened at $18.41 on Monday. Pan American Silver has a 1-year low of $10.26 and a 1-year high of $19.48. The company has a current ratio of 2.76, a quick ratio of 1.50 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 47.21, a P/E/G ratio of 11.13 and a beta of 0.03. The stock’s fifty day simple moving average is $16.57 and its 200-day simple moving average is $14.82.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.14 dividend on an annualized basis and a yield of 0.76%. Pan American Silver’s payout ratio is 35.90%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intact Investment Management Inc. boosted its position in Pan American Silver by 9.4% during the second quarter. Intact Investment Management Inc. now owns 947,600 shares of the basic materials company’s stock valued at $16,014,000 after purchasing an additional 81,700 shares during the last quarter. Gabelli Funds LLC boosted its position in Pan American Silver by 24.6% during the second quarter. Gabelli Funds LLC now owns 453,153 shares of the basic materials company’s stock valued at $5,850,000 after purchasing an additional 89,458 shares during the last quarter. TD Asset Management Inc. boosted its position in Pan American Silver by 8.8% during the second quarter. TD Asset Management Inc. now owns 1,212,102 shares of the basic materials company’s stock valued at $15,704,000 after purchasing an additional 97,600 shares during the last quarter. Toronto Dominion Bank boosted its position in Pan American Silver by 5.0% during the second quarter. Toronto Dominion Bank now owns 123,960 shares of the basic materials company’s stock valued at $1,602,000 after purchasing an additional 5,911 shares during the last quarter. Finally, Ingalls & Snyder LLC acquired a new stake in Pan American Silver during the second quarter valued at $3,762,000. 51.44% 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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