Pan American Silver (NYSE:PAAS) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Pan American Silver (NYSE:PAAS) (TSE:PAAS) posted its earnings results on Wednesday. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11), Zacks reports. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%.

Pan American Silver Trading Up 1.3%

PAAS traded up $0.67 during trading on Wednesday, reaching $52.46. 4,193,437 shares of the company’s stock were exchanged, compared to its average volume of 6,299,750. The company’s fifty day moving average price is $46.07 and its 200-day moving average price is $53.41. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. Pan American Silver has a fifty-two week low of $30.59 and a fifty-two week high of $69.99. The firm has a market capitalization of $21.88 billion, a PE ratio of 16.87, a P/E/G ratio of 4.48 and a beta of 0.73.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PAAS shares. Weiss Ratings lowered Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and lifted their price objective for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Monday, May 11th. Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Scotiabank restated an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average target price of $70.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PAAS. Jump Financial LLC acquired a new stake in shares of Pan American Silver in the 4th quarter valued at approximately $200,000. Parkside Financial Bank & Trust grew its holdings in Pan American Silver by 100.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,220 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 610 shares during the period. CIBC Private Wealth Group LLC bought a new stake in Pan American Silver in the third quarter valued at approximately $113,000. Wexford Capital LP bought a new stake in Pan American Silver in the third quarter valued at approximately $171,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Pan American Silver by 82.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,102 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 1,399 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Company Profile

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.