National Bank Financial Comments on Pan American Silver Corp.’s FY2019 Earnings (PAAS)

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) – Equities researchers at National Bank Financial issued their FY2019 earnings per share (EPS) estimates for shares of Pan American Silver in a research note issued to investors on Monday, March 25th, Zacks Investment Research reports. National Bank Financial analyst D. Demarco forecasts that the basic materials company will post earnings of $0.34 per share for the year. National Bank Financial currently has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Pan American Silver’s FY2020 earnings at $0.65 EPS and FY2021 earnings at $0.83 EPS.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, February 20th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Pan American Silver had a net margin of 1.38% and a return on equity of 3.80%. The business had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $179.03 million. During the same quarter last year, the business earned $0.12 EPS. The company’s quarterly revenue was down 23.3% on a year-over-year basis.

A number of other research analysts have also issued reports on PAAS. BidaskClub lowered Pan American Silver from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Deutsche Bank upgraded Pan American Silver from a “hold” rating to a “buy” rating and decreased their target price for the company from $17.50 to $15.50 in a research report on Wednesday, April 10th. Canaccord Genuity reiterated a “buy” rating and set a $21.00 target price on shares of Pan American Silver in a research report on Friday, February 22nd. Finally, TheStreet lowered Pan American Silver from a “b-” rating to a “c” rating in a research report on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.97.

Shares of NASDAQ:PAAS traded down $0.22 during midday trading on Thursday, reaching $12.66. 2,276,150 shares of the company’s stock traded hands, compared to its average volume of 1,622,883. Pan American Silver has a 1 year low of $12.12 and a 1 year high of $18.75. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 11.22 and a beta of -0.13.

A number of hedge funds have recently made changes to their positions in PAAS. JPMorgan Chase & Co. lifted its holdings in Pan American Silver by 465.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 200,163 shares of the basic materials company’s stock valued at $2,955,000 after purchasing an additional 164,783 shares in the last quarter. Swiss National Bank raised its holdings in shares of Pan American Silver by 2.5% during the 3rd quarter. Swiss National Bank now owns 275,500 shares of the basic materials company’s stock worth $4,046,000 after acquiring an additional 6,600 shares during the period. FMR LLC raised its holdings in shares of Pan American Silver by 23.5% during the 3rd quarter. FMR LLC now owns 4,268,438 shares of the basic materials company’s stock worth $63,002,000 after acquiring an additional 811,801 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Pan American Silver during the 3rd quarter worth $223,000. Finally, Schroder Investment Management Group raised its holdings in shares of Pan American Silver by 57.6% during the 3rd quarter. Schroder Investment Management Group now owns 351,143 shares of the basic materials company’s stock worth $5,183,000 after acquiring an additional 128,340 shares during the period. Institutional investors own 52.62% of the company’s stock.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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

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