Pan American Silver (NYSE:PAAS) Issues Earnings Results, Hits Expectations

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

Pan American Silver Stock Down 1.6 %

Shares of PAAS traded down $0.39 during mid-day trading on Wednesday, hitting $24.29. 2,691,801 shares of the company traded hands, compared to its average volume of 2,916,683. Pan American Silver has a 1-year low of $12.19 and a 1-year high of $26.05. 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 company has a market capitalization of $8.82 billion, a PE ratio of -142.84 and a beta of 1.28. The business has a 50 day moving average of $22.24 and a 200 day moving average of $21.86.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 (DPR) is currently -235.28%.

Analysts Set New Price Targets

PAAS has been the subject of several analyst reports. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Royal Bank of Canada increased their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.