Pan American Silver (NYSE:PAAS) Releases Earnings Results, Beats Estimates By $0.03 EPS

Pan American Silver (NYSE:PAAS) (TSE:PAAS) issued its earnings results on Tuesday. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03, Zacks reports. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%.

Pan American Silver Stock Performance

Shares of PAAS traded down $0.57 during midday trading on Tuesday, reaching $50.54. 3,504,857 shares of the stock were exchanged, compared to its average volume of 7,591,350. The business’s 50-day moving average price is $57.08 and its 200 day moving average price is $51.37. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. Pan American Silver has a twelve month low of $22.08 and a twelve month high of $69.99. The company has a market capitalization of $21.30 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 0.43 and a beta of 0.65.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, March 2nd. Pan American Silver’s payout ratio is presently 28.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Jefferies Financial Group lowered their target price on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. Finally, Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.67.

Institutional Trading of Pan American Silver

Hedge funds and other institutional investors have recently made changes to their positions in the company. FIL Ltd boosted its stake in shares of Pan American Silver by 154.7% during the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after buying an additional 4,438,478 shares during the period. Bank of America Corp DE boosted its stake in shares of Pan American Silver by 148.3% during the second quarter. Bank of America Corp DE now owns 3,368,233 shares of the basic materials company’s stock worth $95,658,000 after buying an additional 2,011,862 shares during the period. Man Group plc boosted its stake in shares of Pan American Silver by 252.0% during the second quarter. Man Group plc now owns 1,667,132 shares of the basic materials company’s stock worth $47,347,000 after buying an additional 1,193,458 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of Pan American Silver by 1,121.9% during the third quarter. Qube Research & Technologies Ltd now owns 1,182,051 shares of the basic materials company’s stock worth $45,781,000 after buying an additional 1,085,313 shares during the period. Finally, UBS Group AG boosted its stake in shares of Pan American Silver by 71.0% during the third quarter. UBS Group AG now owns 2,385,606 shares of the basic materials company’s stock worth $92,395,000 after buying an additional 990,712 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.