B. Riley Equities Analysts Boost Earnings Estimates for Pan American Silver Corp. (PAAS)

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) – Stock analysts at B. Riley lifted their FY2017 earnings estimates for Pan American Silver Corp. in a research report issued to clients and investors on Thursday. B. Riley analyst L. Pipes now anticipates that the basic materials company will earn $0.66 per share for the year, up from their prior estimate of $0.55. B. Riley currently has a “Buy” rating and a $21.00 target price on the stock. B. Riley also issued estimates for Pan American Silver Corp.’s Q4 2017 earnings at $0.22 EPS.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Pan American Silver Corp. had a net margin of 12.23% and a return on equity of 5.16%. The business had revenue of $190.79 million during the quarter, compared to the consensus estimate of $199.43 million. During the same quarter last year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was down 18.3% compared to the same quarter last year.

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A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Raymond James Financial, Inc. downgraded shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price objective for the company. in a research report on Friday, September 8th. Royal Bank of Canada reissued an “outperform” rating on shares of Pan American Silver Corp. in a research report on Thursday, September 7th. UBS AG downgraded shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 7th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $22.00 price objective on shares of Pan American Silver Corp. in a research report on Thursday, September 7th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.90.

Pan American Silver Corp. (PAAS) opened at $14.62 on Friday. Pan American Silver Corp. has a 12-month low of $13.80 and a 12-month high of $21.29. The company has a market cap of $2,303.66, a PE ratio of 31.33, a PEG ratio of 7.60 and a beta of 0.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.78 and a quick ratio of 2.29.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Friday, November 17th. Pan American Silver Corp.’s dividend payout ratio is presently 16.39%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blair William & Co. IL lifted its stake in shares of Pan American Silver Corp. by 1.7% during the 2nd quarter. Blair William & Co. IL now owns 70,578 shares of the basic materials company’s stock worth $1,187,000 after buying an additional 1,208 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Pan American Silver Corp. by 452.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock worth $7,251,000 after buying an additional 353,037 shares during the last quarter. AJO LP acquired a new stake in shares of Pan American Silver Corp. during the 2nd quarter worth about $12,239,000. Shell Asset Management Co. lifted its stake in shares of Pan American Silver Corp. by 148.3% during the 3rd quarter. Shell Asset Management Co. now owns 37,145 shares of the basic materials company’s stock worth $457,000 after buying an additional 22,186 shares during the last quarter. Finally, Adirondack Research & Management Inc. lifted its stake in shares of Pan American Silver Corp. by 35.0% during the 2nd quarter. Adirondack Research & Management Inc. now owns 160,700 shares of the basic materials company’s stock worth $2,703,000 after buying an additional 41,700 shares during the last quarter. Institutional investors own 53.75% of the company’s stock.

About Pan American Silver Corp.

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Earnings History and Estimates for Pan American Silver Corp. (NASDAQ:PAAS)

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