National Bank Financial Forecasts PAAS FY2024 Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Research analysts at National Bank Financial boosted their FY2024 earnings estimates for Pan American Silver in a research report issued on Monday, November 11th. National Bank Financial analyst D. Demarco now expects that the basic materials company will post earnings per share of $0.89 for the year, up from their previous estimate of $0.68. The consensus estimate for Pan American Silver’s current full-year earnings is $0.69 per share. National Bank Financial also issued estimates for Pan American Silver’s FY2025 earnings at $1.53 EPS and FY2027 earnings at $1.10 EPS.

A number of other equities analysts have also recently issued reports on PAAS. StockNews.com raised Pan American Silver from a “hold” rating to a “buy” rating in a report on Tuesday. Jefferies Financial Group upped their target price on shares of 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, Royal Bank of Canada raised their price target 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.93.

Pan American Silver Trading Down 2.0 %

Shares of Pan American Silver stock opened at $21.45 on Thursday. The company’s fifty day moving average price is $22.18 and its two-hundred day moving average price is $21.27. The firm has a market capitalization of $7.79 billion, a PE ratio of -126.17 and a beta of 1.33. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $26.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is currently -235.28%.

Hedge Funds Weigh In On Pan American Silver

Institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in Pan American Silver by 6.3% during the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock worth $824,632,000 after acquiring an additional 2,328,306 shares in the last quarter. Vanguard Group Inc. lifted its stake in Pan American Silver by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock valued at $199,440,000 after buying an additional 159,908 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Pan American Silver by 15,618.3% in the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock valued at $57,340,000 after buying an additional 3,779,309 shares during the period. Mackenzie Financial Corp increased its position in shares of Pan American Silver by 51.1% during the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock worth $62,107,000 after acquiring an additional 1,056,981 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in Pan American Silver by 22.1% in the 2nd quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company’s stock valued at $43,440,000 after acquiring an additional 395,589 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

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.