Pan American Silver (NYSE:PAAS) Announces Earnings Results

Pan American Silver (NYSE:PAAS) (TSE:PAAS) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35, Zacks reports. The company had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a positive return on equity of 3.07% and a negative net margin of 2.37%.

Pan American Silver Price Performance

NYSE:PAAS opened at $24.29 on Thursday. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $22.25 and its 200 day moving average price is $21.88. Pan American Silver has a 52-week low of $12.19 and a 52-week high of $26.05.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.65%. Pan American Silver’s dividend payout ratio is currently -235.28%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.92.

Pan American Silver Company Profile

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.