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

Key Points

• Pan American Silver reported quarterly EPS of $0.73, missing analysts’ consensus estimate of $0.84 by $0.11. The company posted a 19.50% return on equity and a 31.66% net margin.
• PAAS shares rose $0.67 to $52.46 in mid-day trading, while the company maintained strong liquidity with a current ratio of 2.84 and low debt-to-equity ratio of 0.11.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $70.43; institutional investors own 55.43% of the stock.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS issued its quarterly earnings data on Wednesday. The basic materials company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.11), Zacks reports. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.

Pan American Silver Price Performance

Shares of PAAS traded up $0.67 during mid-day trading on Wednesday, reaching $52.46. The company had a trading volume of 4,193,437 shares, compared to its average volume of 6,299,750. Pan American Silver has a twelve month low of $30.59 and a twelve month high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The company's 50-day moving average is $46.07 and its 200-day moving average is $53.41. The company has a market capitalization of $21.88 billion, a P/E ratio of 16.87, a P/E/G ratio of 4.48 and a beta of 0.73.

Analysts Set New Price Targets

Several research analysts recently commented on PAAS shares. Scotiabank reiterated an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 14th. Weiss Ratings cut shares of Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 16th. TD Securities raised Pan American Silver from a "hold" rating to a "buy" rating and set a $72.00 price target on the stock in a research report on Monday, May 11th. Wall Street Zen downgraded Pan American Silver from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 12th. Finally, Bank of America dropped their price objective on Pan American Silver from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $70.43.

Institutional Trading of Pan American Silver

A number of large investors have recently bought and sold shares of PAAS. Parallel Advisors LLC lifted its holdings in shares of Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 387 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pan American Silver in the 4th quarter worth about $34,000. Golden State Wealth Management LLC increased its position in shares of Pan American Silver by 173.3% during the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company's stock worth $42,000 after purchasing an additional 520 shares in the last quarter. EFG International AG acquired a new stake in shares of Pan American Silver during the 4th quarter worth about $54,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Pan American Silver during the 4th quarter worth about $58,000. 55.43% of the stock is currently owned by institutional investors.

About Pan American Silver

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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