Earnings Review: Pan American Silver Corp. (NASDAQ: PAAS)

On Wednesday, Shares of Pan American Silver Corp. (NASDAQ: PAAS) showed the bearish trend with a lower momentum of -1.04% to $12.35. The company traded total volume of 1,590,525 shares as contrast to its average volume of 2.11M shares. The company has a market value of $2.63B and about 213.29M shares outstanding.

Pan American Silver Corp. (PAAS) stated a fourth-quarter loss of $63.80M, after reporting a profit in the same period a year earlier. The Vancouver, British Columbia-based company said it had a loss of 42 cents per share. Losses, adjusted for non-recurring costs, came to 1 cent per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The silver mining company posted revenue of $173.40M in the period.

For the year, the company stated profit of $10.30M, or 7 cents per share. Revenue was stated as $784.50M.

The Company offered net profit margin of 1.30% while its gross profit margin was 12.90%. ROE was recorded as 0.70% while beta factor was -0.15. The stock, as of recent close, has shown the weekly downbeat performance of -7.56% which was maintained at -15.41% in this year.

Winfred Marion

Winfred Marion

I am Winfred Marion and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Digital Wall with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Basic Materials” category. Address: 2614 Kincheloe Road, Tigard, OR 97223, USA Phone: (+1) 503-443-0752 Email: winfred.marion@yourdigitalwall.com