Pan American Silver Corp. (NASDAQ:PAAS) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, PAAS is expected to report 3Q20 income of $ 0.38 per share from revenue of $ 392.94 million.
For the full year, analysts anticipate top line of $ 1457.02 million, while looking forward to income of $ 1.02 per share bottom line.
Previous Quarter Performance
Pan American Silver Corp. reported income for the second quarter of $ 0.28 per share, from the revenue of $ 249.51 million. According to street consensus, PAAS was expected to report 2Q20 income of $ 0.05 per share from revenue of $ 219.34 million. The bottom line results beat street analysts by $ 0.23 or 460.00 percent, at the same time, top line results outshined analysts by $ 30.17 million or 13.75 percent.
Stock Performance
Shares of Pan American Silver Corp. traded up $ 1.17 or 3.57 percent on Tuesday, reaching $ 33.97 with volume of 2.60 million shares. Pan American Silver Corp. has traded high as $ 34.10 and has cracked $ 32.79 on the downward trend
According to the previous trading day, closing price of $ 33.97, representing a 209.14 % increase from the 52 week low of $ 10.61 and a 18.22 % decrease over the 52 week high of $ 40.11.
The company has a market capital of $ 7.06 billion and is part of the Basic Materials sector and Silver industry.
Recent Analyst recommendations
- On 1st October 2020, upgraded by Deutsche Bank to Buy from Hold rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on August 5, 2020. The dividend were payable on August 27, 2020 to holders of record as of the close of business on August 17, 2020 and ex-dividend date on August 14, 2020.
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.
