What is Scotiabank’s Estimate for PAAS FY2024 Earnings?

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Investment analysts at Scotiabank raised their FY2024 earnings per share (EPS) estimates for shares of Pan American Silver in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the basic materials company will earn $0.81 per share for the year, up from their prior forecast of $0.64. The consensus estimate for Pan American Silver’s current full-year earnings is $0.79 per share. Scotiabank also issued estimates for Pan American Silver’s FY2025 earnings at $0.99 EPS and FY2026 earnings at $1.15 EPS.

A number of other research firms also recently weighed in on PAAS. Jefferies Financial Group increased their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.42.

Pan American Silver Price Performance

PAAS opened at $21.37 on Monday. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $26.05. The firm has a 50-day moving average of $21.78 and a 200 day moving average of $21.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The firm has a market cap of $7.76 billion, a P/E ratio of -125.70 and a beta of 1.27.

Institutional Trading of Pan American Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Eastern Bank bought a new position in Pan American Silver in the 3rd quarter worth about $28,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver in the third quarter worth about $32,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Pan American Silver by 943.4% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 1,500 shares during the period. US Bancorp DE grew its stake in Pan American Silver by 13.4% during the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after acquiring an additional 660 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Pan American Silver during the 3rd quarter worth approximately $146,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%. Pan American Silver’s dividend payout ratio is -235.29%.

Pan American Silver Company Profile

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.