Pan American Silver Corp. (USA)(NASDAQ:PAAS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $190.596M. Analysts estimated a revenue of $189.770M. The revenues were 0.44% above the estimates. Earnings per share were $0.18. The reported EPS was above estimates by 28.57%. Analysts had estimated an EPS of $0.14.
In a different note, On Jan 9, 2017, Canaccord Genuity said it Downgrades its rating on Pan American Silver Corp. (USA). According to the research note, Canaccord Genuity Lowers the price target to $17 per share from a prior target of $18. The shares have been rated ‘Hold’ by the firm.
Pan American Silver Corp. (USA) (PAAS) shares turned negative on Wednesdays trading session with the shares closing down -0.5 points or -2.55% at a volume of 15,23,834. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.56. The peak price level was also seen at $19.56 while the days lowest was $18.68. Finally the shares closed at $19.07. The 52-week high of the shares is $21.59 while the 52-week low is $9.07. According to the latest information available, the market cap of the company is $2,903 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.