Pan American Silver (NYSE:PAAS) Releases Earnings Results, Beats Estimates By $0.21 EPS

Pan American Silver (NYSE:PAAS) (TSE:PAAS) released its quarterly earnings data on Wednesday. The basic materials company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.21, Zacks reports. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.

Pan American Silver Stock Up 3.6%

PAAS traded up $2.02 on Wednesday, reaching $58.11. The company’s stock had a trading volume of 7,462,607 shares, compared to its average volume of 9,168,845. Pan American Silver has a 1 year low of $20.55 and a 1 year high of $69.99. The business’s 50 day moving average is $55.34 and its 200 day moving average is $43.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The stock has a market cap of $24.51 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 0.58 and a beta of 0.66.

Institutional Trading of Pan American Silver

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 387 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Pan American Silver in the 4th quarter valued at about $34,000. Golden State Wealth Management LLC grew its stake in Pan American Silver by 173.3% in the fourth quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 520 shares in the last quarter. EFG International AG bought a new stake in Pan American Silver in the fourth quarter valued at about $54,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Pan American Silver during the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Wall Street Zen upgraded Pan American Silver from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Scotiabank increased their target price on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and an average target price of $56.60.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.