Pan American Silver (NYSE:PAAS) Issues Earnings Results, Meets Estimates

Pan American Silver (NYSE:PAAS) (TSE:PAAS) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35, Zacks reports. Pan American Silver had a positive return on equity of 3.07% and a negative net margin of 2.37%.

Pan American Silver Stock Performance

Shares of NYSE PAAS traded down $0.39 during mid-day trading on Wednesday, hitting $24.29. 2,680,734 shares of the company were exchanged, compared to its average volume of 2,915,053. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $22.24 and a 200-day simple moving average of $21.86. Pan American Silver has a 1-year low of $12.19 and a 1-year high of $26.05. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of -142.84 and a beta of 1.28.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.65%. Pan American Silver’s dividend payout ratio is presently -235.28%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PAAS. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Royal Bank of Canada increased their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.92.

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.