Pan American Silver (PAAS) Scheduled to Post Earnings on Wednesday

Pan American Silver (NYSE:PAAS) (TSE:PAAS) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Pan American Silver to post earnings of ($0.02) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The company had revenue of $669.60 million during the quarter, compared to analyst estimates of $657.65 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. During the same quarter last year, the business earned ($0.02) EPS. On average, analysts expect Pan American Silver to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pan American Silver Stock Up 3.4 %

Shares of PAAS opened at $18.87 on Tuesday. The stock’s fifty day simple moving average is $16.18 and its 200 day simple moving average is $15.15. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $20.60. The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver’s dividend payout ratio is currently -133.33%.

Analyst Ratings Changes

Several research analysts recently commented on PAAS shares. StockNews.com upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Jefferies Financial Group upped their price target on shares of Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Scotiabank boosted their price objective on Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 8th. CIBC lowered their target price on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Finally, TD Securities reduced their price target on Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

About Pan American Silver

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.