NEW YORK (TheStreet) -- Shares of Pan American Silver(PAAS) - Get Report are rising 3.97% to $15.73 on Thursday afternoon after the silver producer posted better-than-expected earnings for the 2016 first quarter late last night.

The Vancouver-based company reported adjusted earnings of 2 cents per share, topping analysts' expectations for a loss of 5 cents per share.

Revenue declined 11% to $158.3 million year-over-year and was below analysts' projections of $162.5 million.

Revenue was impacted by lower metal prices and to a lesser extent by lower quantities of metals sold, the company said.

Pan American also increased silver production 6% to 6.42 million ounces and gold production rose 10% to 41,200 ounces from last year.

Separately, silver for July delivery is falling 1.21% to $17.11 per ounce on the COMEX this afternoon.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C- on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income.

However, the team finds that the company's return on equity has been disappointing.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: PAAS

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