Q1 EPS Estimates for PAAS Cut by National Bank Financial

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Equities research analysts at National Bank Financial reduced their Q1 2026 earnings estimates for shares of Pan American Silver in a research report issued on Thursday, April 16th. National Bank Financial analyst D. Demarco now forecasts that the basic materials company will earn $1.06 per share for the quarter, down from their prior forecast of $1.35. The consensus estimate for Pan American Silver’s current full-year earnings is $4.42 per share. National Bank Financial also issued estimates for Pan American Silver’s Q2 2026 earnings at $1.19 EPS, Q3 2026 earnings at $1.16 EPS, Q4 2026 earnings at $1.06 EPS, FY2026 earnings at $4.48 EPS, Q1 2027 earnings at $1.07 EPS, Q2 2027 earnings at $1.08 EPS, Q3 2027 earnings at $1.79 EPS, Q4 2027 earnings at $1.77 EPS, FY2027 earnings at $5.71 EPS, Q1 2028 earnings at $1.30 EPS, FY2028 earnings at $5.04 EPS, FY2029 earnings at $3.62 EPS and FY2030 earnings at $2.27 EPS.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue was up 44.7% compared to the same quarter last year.

PAAS has been the topic of several other research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Scotiabank increased their price target on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research raised shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Jefferies Financial Group dropped their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

Pan American Silver Stock Performance

Shares of NYSE:PAAS opened at $55.64 on Wednesday. The company’s 50 day moving average price is $57.61 and its two-hundred day moving average price is $50.65. Pan American Silver has a 12-month low of $22.08 and a 12-month high of $69.99. The firm has a market cap of $23.45 billion, a PE ratio of 22.26, a PEG ratio of 0.49 and a beta of 0.75. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. Pan American Silver’s payout ratio is 28.80%.

Hedge Funds Weigh In On Pan American Silver

Several large investors have recently modified their holdings of the business. Van ECK Associates Corp increased its position in shares of Pan American Silver by 51.8% during the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after buying an additional 15,405,762 shares during the period. Norges Bank acquired a new stake in shares of Pan American Silver during the fourth quarter worth $303,611,000. First Eagle Investment Management LLC acquired a new stake in shares of Pan American Silver during the third quarter worth $178,004,000. FIL Ltd increased its position in shares of Pan American Silver by 154.7% during the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after buying an additional 4,438,478 shares during the period. Finally, Capital International Investors acquired a new stake in shares of Pan American Silver during the fourth quarter worth $215,484,000. Institutional investors own 55.43% of the company’s stock.

Key Stories Impacting Pan American Silver

Here are the key news stories impacting Pan American Silver this week:

• Positive Sentiment: Bank of America recently raised its price target for PAAS (reported in coverage calling PAAS a top long?term Canadian pick), supporting longer?term investor sentiment. Is Pan American Silver (PAAS) One of the Best Canadian Stocks to Buy for Long Term?
• Positive Sentiment: Broker consensus remains constructive: PAAS is carrying a “Moderate Buy” consensus from brokerages, which can buoy demand from institutional/quant strategies. Pan American Silver Receives Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Pan American scheduled Q1 2026 unaudited results for release after the close on May 5 and will hold its Annual General & Special Meeting on April 30 — clears the calendar for near?term catalysts and an earnings event on May 5 (conference call May 6). Pan American Silver to Announce First Quarter 2026 Unaudited Results
• Neutral Sentiment: Sector pieces comparing PAAS to SSR Mining highlight that both miners are benefitting from higher silver/gold prices; these comparisons help inform relative positioning but don’t change company?specific fundamentals. Pan American Silver vs. SSR Mining: Which Mining Stock Wins Now?
• Negative Sentiment: National Bank Financial (analyst D. Demarco) issued widespread cuts to PAAS EPS estimates across multiple quarters and years (examples: Q1 2026 cut to $1.06 from $1.35; Q2 2026 to $1.19 from $1.44; Q4 2026 to $1.06 from $1.38; FY2026 to $4.48 from $5.53; FY2027 to $5.71 from $6.50; FY2028 to $5.04 from $5.92; FY2029 to $3.62 from $4.38; FY2030 to $2.27 from $2.92). These downward revisions reduce near?to?medium?term earnings expectations and are the most direct negative catalyst for the stock today. MarketBeat PAAS coverage (source for analyst note summary)

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.