Wall Street analysts expect that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will report $463.65 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Pan American Silver’s earnings, with estimates ranging from $446.56 million to $480.74 million. Pan American Silver posted sales of $358.43 million in the same quarter last year, which would indicate a positive year over year growth rate of 29.4%. The company is scheduled to announce its next earnings report on Wednesday, May 5th.
On average, analysts expect that Pan American Silver will report full-year sales of $1.90 billion for the current year, with estimates ranging from $1.81 billion to $2.00 billion. For the next year, analysts forecast that the business will post sales of $1.83 billion, with estimates ranging from $1.47 billion to $2.20 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Pan American Silver.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Tuesday, February 16th. The basic materials company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.18. Pan American Silver had a return on equity of 7.91% and a net margin of 4.51%. The firm had revenue of $430.46 million for the quarter, compared to the consensus estimate of $430.37 million.
Hedge funds have recently modified their holdings of the business. Fortis Capital Management LLC bought a new stake in Pan American Silver during the 4th quarter valued at $2,140,000. IFP Advisors Inc raised its holdings in Pan American Silver by 224.9% during the 4th quarter. IFP Advisors Inc now owns 1,085 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 751 shares during the period. Allworth Financial LP bought a new stake in Pan American Silver during the 4th quarter valued at $69,000. Stifel Financial Corp raised its holdings in Pan American Silver by 58.8% during the 4th quarter. Stifel Financial Corp now owns 142,805 shares of the basic materials company’s stock valued at $4,928,000 after acquiring an additional 52,893 shares during the period. Finally, ETF Managers Group LLC raised its holdings in Pan American Silver by 48.4% during the 4th quarter. ETF Managers Group LLC now owns 2,434,181 shares of the basic materials company’s stock valued at $85,151,000 after acquiring an additional 793,643 shares during the period. 48.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ PAAS traded up $1.20 during midday trading on Monday, reaching $33.38. The company’s stock had a trading volume of 110,308 shares, compared to its average volume of 3,415,383. Pan American Silver has a 12-month low of $16.00 and a 12-month high of $40.11. The firm has a 50 day moving average price of $32.11 and a 200-day moving average price of $32.33. The stock has a market capitalization of $7.02 billion, a P/E ratio of 110.97, a PEG ratio of 0.88 and a beta of 1.23. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.62 and a quick ratio of 1.37.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 11th. Investors of record on Monday, March 1st were paid a $0.07 dividend. The ex-dividend date was Friday, February 26th. This represents a $0.28 annualized dividend and a yield of 0.84%. Pan American Silver’s payout ratio is 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, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Pas Corp, and Navidad mines.
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