Pan American Silver Corp. (USA) (PAAS) Releases Earnings Results, Beats Expectations By $0.05 EPS

Pan American Silver Corp. (USA) (PAAS) reported quarterly earnings results on Thursday, May-12-2016. The company said it had a profit of $0.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.03. The company posted revenue of $158.30 million in the period, compared to analysts expectations of $165.16 million. The company’s revenue was down -11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on Pan American Silver Corp. (USA). Pan American Silver Corp. (USA) was Upgraded by CIBC to ” Sector Outperform” on Apr 8, 2016. Deutsche Bank Downgraded Pan American Silver Corp. (USA) on Mar 23, 2016 to ” Hold”, Price Target of the shares are set at $10.50.Pan American Silver Corp. (USA) was Upgraded by CIBC to ” Sector Perform” on Feb 22, 2016.

Pan American Silver Corp. (USA) opened for trading at $14.24 and hit $14.945 on the upside on Tuesday, eventually ending the session at $14.85, with a gain of 4.28% or 0.61 points. The heightened volatility saw the trading volume jump to 27,10,237 shares. Company has a market cap of $2,257 M.

Pan American Silver Corp (Pan American) is a Canada-based company engaged in the development and exploration of silver producing properties and assets. The Company’s principal product is silver and also produces and sells gold zinc lead and copper. It is engaged in mining operations and is developing mining projects in Mexico Peru Argentina and Bolivia and has control over non-producing silver assets in each of those jurisdictions and in the United States. The Company’s principal products and sources of sales are silver and gold ore as well as silver bearing zinc lead and copper concentrates. It operates among others the Huaron Morococha Alamo Dorado Dolores La Colorada Manantial Espejo and San Vicente mines.

Pan American Silver Corp. (USA)

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