Pan American Silver (NYSE:PAAS) Releases Earnings Results

Key Points

• Q1 earnings beat: Pan American Silver reported $1.09 EPS versus $1.06 expected, with a net margin of 27.07% and a return on equity of 16.38%.
• Dividend increase: The company raised its quarterly dividend to $0.18 (from $0.14), now annualized at $0.72 with a 1.4% yield and a 28.8% payout ratio.
• Market and analyst snapshot: Shares slipped 1.1% to $50.54 despite the beat; market cap is $21.3B and analysts have a "Moderate Buy" consensus with an average target of $59.67.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS posted its earnings results on Tuesday. The basic materials company reported $1.09 earnings per share 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 Trading Down 1.1%

Shares of Pan American Silver stock traded down $0.57 during trading on Tuesday, hitting $50.54. The company's stock had a trading volume of 3,504,857 shares, compared to its average volume of 7,591,350. 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 52 week low of $22.08 and a 52 week high of $69.99. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 0.43 and a beta of 0.65. The stock has a 50-day moving average price of $57.08 and a two-hundred day moving average price of $51.37.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were paid a $0.18 dividend. This is a positive change from Pan American Silver's previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, March 2nd. Pan American Silver's payout ratio is presently 28.80%.

Institutional Trading of Pan American Silver

Several institutional investors have recently modified their holdings of the business. Corient Private Wealth LLC bought a new stake in shares of Pan American Silver in the fourth quarter worth $208,000. Compound Planning Inc. grew its stake in shares of Pan American Silver by 27.0% in the fourth quarter. Compound Planning Inc. now owns 16,776 shares of the basic materials company's stock worth $869,000 after purchasing an additional 3,562 shares during the last quarter. TMB Capital Partners LLC acquired a new position in Pan American Silver in the fourth quarter valued at $253,000. Strive Financial Group LLC acquired a new position in Pan American Silver in the fourth quarter valued at $145,000. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in Pan American Silver by 17.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,452 shares of the basic materials company's stock valued at $852,000 after buying an additional 2,448 shares during the period. Institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PAAS. 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 22nd. Finally, Scotiabank boosted their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an "outperform" rating in a research note on Monday, January 26th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of "Moderate Buy" and an average target price of $59.67.

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.

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