Scotiabank Boosts Earnings Estimates for Pan American Silver

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Investment analysts at Scotiabank upped their FY2024 EPS estimates for Pan American Silver in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the basic materials company will post earnings per share of $0.81 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.

Other equities research analysts have also recently issued research reports about the company. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Jefferies Financial Group lifted their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.42.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $21.37 on Monday. The company has a market cap of $7.76 billion, a P/E ratio of -125.70 and a beta of 1.27. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $21.78 and a two-hundred day moving average price of $21.64. Pan American Silver has a 1-year low of $12.16 and a 1-year high of $26.05.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PAAS. Eastern Bank bought a new stake in Pan American Silver during the third quarter worth $28,000. Wilmington Savings Fund Society FSB purchased a new position in Pan American Silver during the 3rd quarter worth $32,000. Mark Sheptoff Financial Planning LLC grew its stake in shares of Pan American Silver by 943.4% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 1,500 shares in the last quarter. US Bancorp DE raised its holdings in shares of Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 660 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Pan American Silver during the third quarter valued at about $146,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Announces Dividend

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

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.