Brokerages expect Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) to report $456.34 million in sales for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Pan American Silver’s earnings, with the lowest sales estimate coming in at $424.65 million and the highest estimate coming in at $499.08 million. Pan American Silver reported sales of $430.46 million in the same quarter last year, which indicates a positive year over year growth rate of 6%. The business is expected to report its next earnings report on Wednesday, February 16th.
On average, analysts expect that Pan American Silver will report full-year sales of $1.67 billion for the current year, with estimates ranging from $1.64 billion to $1.78 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.96 billion, with estimates ranging from $1.69 billion to $2.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Pan American Silver.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Monday, November 8th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.17). Pan American Silver had a net margin of 15.40% and a return on equity of 9.26%. During the same period in the previous year, the company posted $0.34 EPS.
Several large investors have recently added to or reduced their stakes in PAAS. Amundi acquired a new position in shares of Pan American Silver in the second quarter worth about $32,047,000. Jupiter Asset Management Ltd. lifted its stake in shares of Pan American Silver by 121.3% in the third quarter. Jupiter Asset Management Ltd. now owns 1,830,970 shares of the basic materials company’s stock worth $42,588,000 after acquiring an additional 1,003,759 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Pan American Silver in the third quarter worth about $575,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Pan American Silver in the second quarter worth about $22,661,000. Finally, Millennium Management LLC lifted its stake in shares of Pan American Silver by 227.3% in the third quarter. Millennium Management LLC now owns 908,979 shares of the basic materials company’s stock worth $21,158,000 after acquiring an additional 631,255 shares in the last quarter. Institutional investors and hedge funds own 48.23% of the company’s stock.
PAAS stock traded up $0.23 during trading on Thursday, reaching $26.41. 1,551,444 shares of the stock traded hands, compared to its average volume of 2,444,284. The business’s 50 day moving average price is $25.34 and its 200-day moving average price is $27.51. Pan American Silver has a 52-week low of $22.27 and a 52-week high of $39.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.69 and a quick ratio of 1.24. The firm has a market capitalization of $5.55 billion, a PE ratio of 22.01, a P/E/G ratio of 24.29 and a beta of 1.26.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 3rd. Investors of record on Monday, November 22nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, November 19th. Pan American Silver’s dividend payout ratio (DPR) is 33.33%.
Pan American Silver Company Profile
Pan American Silver Corp. engages in the exploration, development, extraction, processing, refining, and reclamation of mineral properties. It owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. The company operates through the following segments: Silver, Gold, and Other. Pan American Silver was founded by Ross J.
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