Q3 EPS Estimates for PAAS Lowered by National Bank Financial

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Stock analysts at National Bank Financial dropped their Q3 2024 EPS estimates for shares of Pan American Silver in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings per share of $0.17 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.

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

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

Pan American Silver Stock Down 2.5 %

Shares of PAAS stock opened at $24.73 on Friday. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of -63.41 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06. The stock’s 50 day simple moving average is $21.46 and its 200 day simple moving average is $20.87. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $26.05.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Monday, August 19th. Pan American Silver’s dividend payout ratio (DPR) is presently -102.56%.

Institutional Investors Weigh In On Pan American Silver

A number of institutional investors have recently added to or reduced their stakes in PAAS. Foundry Partners LLC grew its holdings in shares of Pan American Silver by 11.6% during the 1st quarter. Foundry Partners LLC now owns 247,676 shares of the basic materials company’s stock worth $3,735,000 after purchasing an additional 25,835 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in Pan American Silver during the second quarter worth $990,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Pan American Silver in the 2nd quarter valued at $963,000. Cetera Investment Advisers acquired a new position in shares of Pan American Silver in the 1st quarter valued at $1,565,000. Finally, Stratos Wealth Advisors LLC lifted its holdings in shares of Pan American Silver by 33.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock worth $3,324,000 after acquiring an additional 39,873 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

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.