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

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS issued its quarterly earnings results on Wednesday. The basic materials company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35, Zacks reports. Pan American Silver had a return on equity of 6.17% and a net margin of 3.98%. The company had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million.

Pan American Silver Stock Performance

Pan American Silver stock traded down $1.08 during midday trading on Friday, reaching $24.43. The stock had a trading volume of 4,178,511 shares, compared to its average volume of 3,024,797. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $8.85 billion, a PE ratio of 76.33 and a beta of 1.28. Pan American Silver has a 12 month low of $12.19 and a 12 month high of $26.05. The firm's 50-day moving average price is $22.35 and its 200 day moving average price is $21.93.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. Pan American Silver's payout ratio is 125.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PAAS shares. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Royal Bank of Canada raised their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently 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.