Pan American Silver Corp. (PAAS) Expected to Post Earnings of $0.07 Per Share

Equities analysts forecast that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will announce $0.07 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Pan American Silver’s earnings, with estimates ranging from $0.04 to $0.11. Pan American Silver posted earnings of $0.15 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 53.3%. The business is scheduled to announce its next earnings results after the market closes on Tuesday, November 6th.

On average, analysts expect that Pan American Silver will report full year earnings of $0.56 per share for the current year, with EPS estimates ranging from $0.53 to $0.59. For the next fiscal year, analysts anticipate that the company will report earnings of $0.58 per share, with EPS estimates ranging from $0.35 to $0.89. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Pan American Silver.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, August 8th. The basic materials company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. Pan American Silver had a return on equity of 7.06% and a net margin of 17.95%. The company had revenue of $216.46 million during the quarter, compared to analysts’ expectations of $213.63 million.

Several equities analysts have recently issued reports on the company. BidaskClub upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. ValuEngine upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price objective on shares of Pan American Silver in a research note on Friday, July 13th. Deutsche Bank set a $18.00 price objective on Pan American Silver and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research cut Pan American Silver from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Pan American Silver presently has a consensus rating of “Buy” and an average price target of $20.33.

Hedge funds and other institutional investors have recently modified their holdings of the company. Hussman Strategic Advisors Inc. raised its position in shares of Pan American Silver by 1,000.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 55,000 shares of the basic materials company’s stock worth $984,000 after acquiring an additional 50,000 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Pan American Silver by 25.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 152,687 shares of the basic materials company’s stock worth $2,699,000 after acquiring an additional 30,748 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of Pan American Silver by 0.9% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 4,724,126 shares of the basic materials company’s stock worth $84,562,000 after acquiring an additional 40,000 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Pan American Silver during the 2nd quarter worth about $297,000. Finally, Van ECK Associates Corp raised its position in shares of Pan American Silver by 6.7% during the 2nd quarter. Van ECK Associates Corp now owns 19,339,618 shares of the basic materials company’s stock worth $346,179,000 after acquiring an additional 1,221,920 shares in the last quarter. 49.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of PAAS traded down $0.27 during midday trading on Friday, hitting $15.22. The company had a trading volume of 1,743,886 shares, compared to its average volume of 1,291,913. The stock has a market capitalization of $2.26 billion, a PE ratio of 29.84, a PEG ratio of 5.83 and a beta of 0.19. Pan American Silver has a 1 year low of $13.97 and a 1 year high of $18.75.

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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