Pan American Silver (NYSE:PAAS) Releases Quarterly Earnings Results, Hits Expectations

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

Pan American Silver Price Performance

PAAS stock opened at $24.29 on Thursday. The firm has a 50 day simple moving average of $22.25 and a 200 day simple moving average of $21.88. Pan American Silver has a 52 week low of $12.19 and a 52 week high of $26.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06.

Pan American Silver Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on PAAS shares. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Royal Bank of Canada lifted 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.92.

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.