Q3 EPS Forecast for Pan American Silver Cut by Analyst

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Analysts at National Bank Financial lowered their Q3 2024 EPS estimates for shares of Pan American Silver in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the basic materials company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.22. The consensus estimate for Pan American Silver’s current full-year earnings is $0.67 per share. National Bank Financial also issued estimates for Pan American Silver’s FY2024 earnings at $0.68 EPS and FY2025 earnings at $1.52 EPS.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada boosted their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. CIBC increased their price objective on Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Jefferies Financial Group increased their price objective on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, Scotiabank increased their price objective on Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average target price of $24.93.

Pan American Silver Trading Down 0.7 %

Shares of PAAS stock opened at $25.37 on Friday. The company’s fifty day simple moving average is $21.37 and its two-hundred day simple moving average is $20.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $26.05. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of -65.04 and a beta of 1.35.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The business had revenue of $686.30 million for the quarter, compared to the consensus estimate of $696.08 million. During the same period in the previous year, the firm earned $0.04 EPS. The company’s revenue was up 7.3% compared to the same quarter last year.

Institutional Trading of Pan American Silver

Large investors have recently modified their holdings of the business. CWM LLC lifted its holdings in Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after buying an additional 510 shares during the period. Signaturefd LLC lifted its holdings in Pan American Silver by 11.6% in the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock worth $148,000 after buying an additional 774 shares during the period. Perritt Capital Management Inc. lifted its holdings in Pan American Silver by 76.9% in the first quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after buying an additional 1,000 shares during the period. SG Americas Securities LLC lifted its holdings in Pan American Silver by 2.9% in the first quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock worth $714,000 after buying an additional 1,336 shares during the period. Finally, Eastern Bank purchased a new stake in Pan American Silver in the third quarter worth about $28,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.58%. Pan American Silver’s dividend payout ratio (DPR) is currently -102.56%.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.