Pan American Silver (NYSE:PAAS) Reports Quarterly Earnings Results

Pan American Silver (NYSE:PAAS) announced its quarterly earnings results on Wednesday. The basic materials company reported earnings of $0.35 per share (EPS) for the quarter, which met analysts' consensus estimate of $0.35. Additionally, Pan American Silver recorded a positive return on equity of 3.07%, though it also reported a negative net margin of 2.37%.

Stock Performance

On the same day, Pan American Silver's stock declined by 1.6%, falling $0.39 to $24.29. The trading volume for the day was 2,680,734 shares, slightly below the average volume of 2,915,053 shares. The stock's 50-day moving average stands at $22.24, while the 200-day moving average is at $21.86. The current quick ratio is 0.96, and the current ratio is 2.06, with a low debt-to-equity ratio of 0.16. Pan American Silver has a market capitalization of $8.82 billion and a price-to-earnings ratio of -142.84. Over the past year, the stock has fluctuated between a low of $12.19 and a high of $26.05.

Dividend Announcement

The company also recently declared a quarterly dividend of $0.10 per share, which will be distributed on March 14th to shareholders on record as of March 3rd. This annualizes to a total dividend of $0.40, offering a dividend yield of 1.65%. However, Pan American Silver's payout ratio is reported as -235.28%.

Analyst Ratings Update

Several analysts have recently changed their ratings of Pan American Silver. Notably, the Royal Bank of Canada increased its price target for the stock from $28.00 to $30.00 while designating it as an "outperform". Conversely, in a report issued in December, StockNews.com downgraded the stock from a "buy" to a "hold" rating. Overall, two analysts have rated the stock as a hold, while three have issued a buy rating. According to MarketBeat.com, the current consensus rating stands at "Moderate Buy", with a consensus price target of $25.92.

Company Overview

Pan American Silver Corp. engages in exploring, developing, extracting, processing, refining, and reclaiming silver, gold, zinc, lead, and copper in several countries, including Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was previously known as Pan American Minerals Corp. before changing its name to Pan American Silver Corp.

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