Pan American Silver Corp. (PAAS) Expected to Post Quarterly Sales of $194.48 Million

Equities analysts predict that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will announce sales of $194.48 million for the current quarter, Zacks reports. Three analysts have provided estimates for Pan American Silver Corp.’s earnings, with the highest sales estimate coming in at $204.96 million and the lowest estimate coming in at $185.05 million. Pan American Silver Corp. posted sales of $192.26 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.2%. The firm is scheduled to report its next quarterly earnings report on Thursday, August 10th.

According to Zacks, analysts expect that Pan American Silver Corp. will report full-year sales of $194.48 million for the current year, with estimates ranging from $756.47 million to $821.36 million. For the next year, analysts anticipate that the firm will report sales of $860 million per share, with estimates ranging from $837.46 million to $891.53 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Pan American Silver Corp..

Pan American Silver Corp. (NASDAQ:PAAS) last issued its quarterly earnings data on Tuesday, May 9th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by $0.02. Pan American Silver Corp. had a positive return on equity of 3.22% and a negative net margin of 7.23%. The firm had revenue of $198.70 million during the quarter, compared to analysts’ expectations of $179.02 million. During the same period in the previous year, the firm earned $0.02 EPS. The firm’s quarterly revenue was up 25.5% on a year-over-year basis.

PAAS has been the topic of several recent analyst reports. TD Securities reiterated a “buy” rating on shares of Pan American Silver Corp. in a research note on Wednesday, May 10th. Vetr raised Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $19.34 price target for the company in a report on Monday, January 30th. TheStreet raised Pan American Silver Corp. from a “c” rating to a “b-” rating in a report on Friday, February 24th. Deutsche Bank AG reduced their target price on Pan American Silver Corp. from $21.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, March 21st. Finally, Zacks Investment Research raised Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, May 3rd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $19.85.

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Large investors have recently modified their holdings of the stock. Gideon Capital Advisors Inc. bought a new position in shares of Pan American Silver Corp. during the fourth quarter worth approximately $156,000. Seven Eight Capital LP bought a new position in shares of Pan American Silver Corp. during the fourth quarter worth approximately $158,000. Moloney Securities Asset Management LLC bought a new position in shares of Pan American Silver Corp. during the fourth quarter worth approximately $163,000. SG Americas Securities LLC bought a new position in shares of Pan American Silver Corp. during the first quarter worth approximately $164,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of 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 last quarter. Institutional investors and hedge funds own 46.26% of the company’s stock.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded up 0.98% on Thursday, hitting $17.54. 1,412,933 shares of the stock were exchanged. Pan American Silver Corp. has a 52-week low of $13.40 and a 52-week high of $21.59. The company’s 50 day moving average is $17.36 and its 200-day moving average is $17.40. The stock has a market cap of $2.69 billion, a PE ratio of 22.69 and a beta of 0.55.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Tuesday, May 23rd will be issued a $0.025 dividend. The ex-dividend date of this dividend is Friday, May 19th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.57%. Pan American Silver Corp.’s dividend payout ratio (DPR) is -13.51%.

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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