Pan American Silver (NYSE:PAAS) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Key Points

• Pan American Silver reported quarterly EPS of $0.69, beating analyst expectations of $0.66 by $0.03; net margin was 32.04% and return on equity was 20.01%.
• The company’s quarterly dividend was C$0.18 per share, equivalent to about C$0.74 annualized and a 1.8% yield.
• Analysts’ average rating was “Moderate Buy”, with an average price target of $67.71; seven analysts rated the stock Buy and three rated it Hold.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS announced its earnings results on Wednesday. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.03, Zacks reports. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%.

Pan American Silver Price Performance

Shares of PAAS stock traded up $3.25 during trading hours on Wednesday, hitting $41.53. The company had a trading volume of 7,112,366 shares, compared to its average volume of 5,737,625. Pan American Silver has a 12 month low of $33.36 and a 12 month high of $69.99. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 4.37 and a beta of 0.76. The firm's fifty day moving average is $46.67 and its 200 day moving average is $51.66. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were paid a C$0.18 dividend. The ex-dividend date was Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Pan American Silver's previous quarterly dividend of C$0.18. Pan American Silver's dividend payout ratio is currently 22.36%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PAAS shares. Weiss Ratings lowered Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday. Scotiabank reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Wall Street Zen lowered Pan American Silver from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Bank of America dropped their target price on Pan American Silver from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Finally, Royal Bank Of Canada reduced their price target on shares of Pan American Silver from $65.00 to $56.00 and set an "outperform" rating for the company in a research report on Wednesday, September 16th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Pan American Silver presently has an average rating of "Moderate Buy" and an average price target of $67.71.

Pan American Silver Company Profile

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.

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