Pan American Silver Corp. (PAAS) to Post FY2019 Earnings of $0.76 Per Share, FBR & Co Forecasts

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) – Equities research analysts at FBR & Co issued their FY2019 earnings per share estimates for Pan American Silver Corp. in a report issued on Thursday. FBR & Co analyst L. Pipes expects that the basic materials company will post earnings per share of $0.76 for the year. FBR & Co currently has a “Mkt Perform” rating and a $22.00 target price on the stock.

PAAS has been the topic of a number of other research reports. TD Securities restated a “buy” rating on shares of Pan American Silver Corp. in a research note on Wednesday, May 10th. TheStreet upgraded Pan American Silver Corp. from a “c” rating to a “b-” rating in a research note on Friday, February 24th. Deutsche Bank AG dropped their price target on Pan American Silver Corp. from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, March 21st. Zacks Investment Research upgraded Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, May 3rd. Finally, Scotiabank raised their price target on Pan American Silver Corp. from $20.00 to $20.50 and gave the stock a “sector perform” rating in a research note on Thursday, March 23rd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $19.85.

Earnings History and Estimates for Pan American Silver Corp. (NASDAQ:PAAS)

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Shares of Pan American Silver Corp. (PAAS) opened at 16.25 on Friday. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 21.02 and a beta of 0.28. Pan American Silver Corp. has a 12 month low of $13.80 and a 12 month high of $21.59. The company has a 50-day moving average price of $17.09 and a 200-day moving average price of $17.50.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Tuesday, May 9th. The basic materials company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.02. The firm had revenue of $198.70 million during the quarter, compared to analysts’ expectations of $179.02 million. Pan American Silver Corp. had a net margin of 14.56% and a return on equity of 6.13%. Pan American Silver Corp.’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC increased its stake in Pan American Silver Corp. by 0.7% in the fourth quarter. Private Advisor Group LLC now owns 26,787 shares of the basic materials company’s stock worth $456,000 after buying an additional 195 shares during the period. Bennicas & Associates Inc. increased its stake in Pan American Silver Corp. by 1.3% in the first quarter. Bennicas & Associates Inc. now owns 79,450 shares of the basic materials company’s stock worth $1,392,000 after buying an additional 1,000 shares during the period. WFG Advisors LP increased its stake in Pan American Silver Corp. by 6.8% in the first quarter. WFG Advisors LP now owns 16,129 shares of the basic materials company’s stock worth $283,000 after buying an additional 1,020 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in Pan American Silver Corp. by 11.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,014 shares of the basic materials company’s stock worth $167,000 after buying an additional 1,167 shares during the period. Finally, Comerica Bank increased its stake in Pan American Silver Corp. by 7.9% in the fourth quarter. Comerica Bank now owns 18,724 shares of the basic materials company’s stock worth $327,000 after buying an additional 1,365 shares during the period. Institutional investors own 50.21% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Monday, June 5th. Shareholders of record on Tuesday, May 23rd were paid a $0.025 dividend. The ex-dividend date of this dividend was Friday, May 19th. This represents a $0.10 annualized dividend and a dividend yield of 0.62%. Pan American Silver Corp.’s dividend payout ratio (DPR) is currently 12.99%.

About Pan American Silver Corp.

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

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