B. Riley Research Analysts Cut Earnings Estimates for Pan American Silver (PAA)

Pan American Silver (TSE:PAA) (NASDAQ:PAAS) – Investment analysts at B. Riley cut their Q2 2018 earnings estimates for Pan American Silver in a research report issued on Monday, May 14th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $0.23 for the quarter, down from their previous forecast of $0.28. B. Riley also issued estimates for Pan American Silver’s Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.97 EPS and FY2020 earnings at $1.13 EPS.

Shares of Pan American Silver stock opened at C$20.15 on Wednesday. Pan American Silver has a one year low of C$18.00 and a one year high of C$25.76.

Pan American Silver (TSE:PAA) (NASDAQ:PAAS) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C$0.15 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.24 by C($0.09). The firm had revenue of C$287.08 million for the quarter, compared to analysts’ expectations of C$265.13 million. Pan American Silver had a return on equity of 4.74% and a net margin of 9.34%.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Tuesday, May 22nd will be given a dividend of $0.045 per share. The ex-dividend date is Friday, May 18th. This represents a $0.18 dividend on an annualized basis and a yield of 0.89%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.04.

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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