Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) posted its earnings results on Wednesday. The basic materials company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.07, Briefing.com reports. The firm had revenue of $601.40 million during the quarter, compared to analyst estimates of $592.58 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The business’s quarterly revenue was up 54.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS.
Pan American Silver Trading Up 9.2 %
Shares of PAAS stock traded up $1.71 on Thursday, hitting $20.34. 7,639,113 shares of the stock traded hands, compared to its average volume of 4,344,640. The firm’s 50-day moving average price is $16.43 and its two-hundred day moving average price is $15.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23. The stock has a market capitalization of $7.39 billion, a PE ratio of -67.13, a PEG ratio of 2.49 and a beta of 1.36. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $20.60.
Pan American Silver Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.97%. Pan American Silver’s payout ratio is -133.33%.
Analyst Ratings Changes
View Our Latest Report on Pan American Silver
Pan American Silver Company Profile
Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.
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