Wall Street brokerages forecast that Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) will post sales of $200.13 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Pan American Silver’s earnings, with the highest sales estimate coming in at $206.19 million and the lowest estimate coming in at $192.29 million. Pan American Silver posted sales of $190.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that Pan American Silver will report full year sales of $200.13 million for the current year, with estimates ranging from $783.09 million to $799.29 million. For the next year, analysts anticipate that the company will post sales of $836.37 million per share, with estimates ranging from $770.15 million to $897.15 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Pan American Silver.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The company had revenue of $190.79 million for the quarter, compared to analysts’ expectations of $199.43 million. Pan American Silver had a net margin of 12.23% and a return on equity of 5.12%. Pan American Silver’s revenue was down 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS.
A number of brokerages have recently commented on PAAS. BMO Capital Markets reissued a “hold” rating and issued a $17.50 price target on shares of Pan American Silver in a report on Wednesday, September 20th. Canaccord Genuity reissued a “buy” rating and issued a $23.00 price target on shares of Pan American Silver in a report on Friday, October 6th. Royal Bank of Canada set a $23.00 target price on shares of Pan American Silver and gave the company a “buy” rating in a report on Tuesday, October 17th. B. Riley reaffirmed a “neutral” rating on shares of Pan American Silver in a report on Wednesday, November 1st. Finally, Citigroup raised shares of Pan American Silver to an “outperform” rating in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. Pan American Silver currently has a consensus rating of “Buy” and an average price target of $20.92.
Large investors have recently bought and sold shares of the company. Alliancebernstein L.P. purchased a new stake in shares of Pan American Silver in the 2nd quarter worth about $170,000. Quantbot Technologies LP purchased a new stake in shares of Pan American Silver in the 3rd quarter worth about $177,000. Virtu Financial LLC purchased a new position in Pan American Silver during the 3rd quarter valued at about $178,000. Tower Research Capital LLC TRC lifted its position in Pan American Silver by 1,091.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock valued at $189,000 after acquiring an additional 7,934 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Pan American Silver during the 2nd quarter valued at about $189,000. 53.89% of the stock is owned by hedge funds and other institutional investors.
Pan American Silver (NASDAQ:PAAS) traded up $0.48 during trading on Friday, reaching $16.66. 1,530,000 shares of the company were exchanged, compared to its average volume of 1,255,770. The company has a market cap of $2,551.91, a price-to-earnings ratio of 34.71, a PEG ratio of 7.15 and a beta of 0.09. Pan American Silver has a twelve month low of $13.99 and a twelve month high of $21.29.
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About Pan American Silver
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.
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