Money Street News
  • Please enable News ticker from the theme option Panel to display Post

Pan American Silver Corp (PAAS) missed earnings projections on 2/21/2024 for Q4 2023.

Analyst expectations for Pan Amer Silver Corp earnings per share (EPS) were at $0.11, with the company missing those estimates with a reported EPS loss of $0.04 per share, leading to a negative surprise of $0.15 per share (-136%). Pan Amer Silver Corp’s earnings were down 100% year-over-year as the firm reported an EPS loss of $0.02 per share in its year-ago quarter. The negative annual growth shows the Basic Materials company isn’t performing well amid current economic conditions.

Revenues were upbeat at $669.6 million. That is an increase of 78.34% in revenues from the year-ago report and is 0.61% higher than consensus estimates set at $665.5 million.

The stock is down 0.54% to $12.87 after the report.

The firm’s higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Pan Amer Silver Corp has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 17, putting Pan Amer Silver Corp in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $12.16 on February 13, 2024 and set a 52-week high on April 13, 2023 at $19.85.

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *


Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.

No, thank you. I do not want.
100% secure your website.