Pan American Silver (NYSE:PAAS) Issues Earnings Results

Pan American Silver (NYSE:PAAS) (TSE:PAAS) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03, Zacks reports. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pan American Silver had a return on equity of 21.05% and a net margin of 35.18%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 earnings per share.

Pan American Silver Price Performance

Shares of Pan American Silver stock traded up $0.64 during trading on Friday, reaching $41.22. The company’s stock had a trading volume of 4,582,137 shares, compared to its average volume of 5,739,818. The stock has a 50-day moving average price of $46.18 and a two-hundred day moving average price of $51.52. The stock has a market capitalization of $17.00 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 4.66 and a beta of 0.76. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11. Pan American Silver has a one year low of $33.62 and a one year high of $69.99.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.1850 per share. The ex-dividend date is Monday, November 16th. This is a boost from Pan American Silver’s previous quarterly dividend of $0.1840. This represents a $0.74 annualized dividend and a dividend yield of 1.8%. Pan American Silver’s dividend payout ratio (DPR) is currently 22.36%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Zacks Research raised Pan American Silver from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Weiss Ratings downgraded shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Finally, Scotiabank reiterated an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.71.

About Pan American Silver

Pan American Silver Corp. is a Canada-based precious metals mining company that explores, develops and operates mines producing silver, gold, zinc, lead and other mineral concentrates. Its activities include mine development, mineral processing, exploration and related infrastructure and support services.

Founded in 1994, Pan American Silver has built a portfolio of mining operations and projects across the Americas. The company’s assets have included operations in Mexico, Peru, Bolivia, Argentina, Brazil and Chile, while certain properties in countries such as Guatemala have been placed on care and maintenance or otherwise reassessed over time.