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 for the quarter, meeting analysts’ consensus estimates of $0.35, Zacks reports. Pan American Silver had a negative net margin of 2.37% and a positive return on equity of 3.07%.

Pan American Silver Stock Down 1.6 %

NYSE:PAAS traded down $0.39 during mid-day trading on Wednesday, reaching $24.29. The company’s stock had a trading volume of 2,691,801 shares, compared to its average volume of 2,916,683. Pan American Silver has a 1 year low of $12.19 and a 1 year high of $26.05. The stock has a fifty day moving average of $22.24 and a 200-day moving average of $21.86. The firm has a market capitalization of $8.82 billion, a PE ratio of -142.84 and a beta of 1.28. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.65%. Pan American Silver’s dividend payout ratio (DPR) is presently -235.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PAAS. Royal Bank of Canada boosted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note 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 company. Based on data from MarketBeat, Pan American Silver has an average 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.