Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) announced its quarterly earnings results on Tuesday. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.10), Briefing.com reports. Pan American Silver had a net margin of 14.75% and a return on equity of 5.17%. The firm had revenue of $187.70 million for the quarter, compared to analysts’ expectations of $193.93 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis.
PAAS traded up $0.31 on Thursday, hitting $14.32. The company had a trading volume of 73,144 shares, compared to its average volume of 1,711,735. Pan American Silver has a 12-month low of $13.95 and a 12-month high of $18.75. The firm has a market capitalization of $2.31 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 6.73 and a beta of 0.21.
Several equities analysts have issued reports on PAAS shares. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 target price on shares of Pan American Silver in a research note on Friday, July 13th. TD Securities set a $23.00 target price on Pan American Silver and gave the company a “buy” rating in a research note on Thursday, August 9th. Zacks Investment Research upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, September 12th. ValuEngine upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Finally, Deutsche Bank set a $18.00 target price on Pan American Silver and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.33.
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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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