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

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS is scheduled to post 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. Individual that wish to register for the company's earnings conference call can do so using this link.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). The firm had revenue of $669.60 million during the quarter, compared to analyst estimates of $657.65 million. Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. During the same quarter in the previous year, the business posted ($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 Performance

Shares of NYSE PAAS traded up $0.13 during mid-day trading on Wednesday, hitting $18.57. The company had a trading volume of 4,344,913 shares, compared to its average volume of 4,344,822. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of -61.90, a PEG ratio of 2.62 and a beta of 1.44. Pan American Silver has a 12 month low of $12.16 and a 12 month high of $20.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. The firm's 50 day simple moving average is $15.72 and its two-hundred day simple moving average is $15.06.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver's dividend payout ratio (DPR) is -133.33%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com downgraded Pan American Silver from a "hold" rating to a "sell" rating in a report on Monday, January 15th. BMO Capital Markets cut their price target on Pan American Silver from $27.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, January 18th. Scotiabank lifted their target price on Pan American Silver from $19.50 to $20.00 and gave the company a "sector outperform" rating in a research note on Monday, April 8th. Jefferies Financial Group lifted their target price on Pan American Silver from $14.00 to $17.00 and gave the company a "hold" rating in a research note on Monday, April 22nd. Finally, TD Securities cut their target price on Pan American Silver from $18.50 to $17.50 and set a "buy" rating on the stock in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Pan American Silver currently has an average rating of "Moderate Buy" and an average target price 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.