PAAS FY2024 EPS Forecast Lowered by National Bank Financial

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Analysts at National Bank Financial decreased their FY2024 earnings per share estimates for Pan American Silver in a research report issued on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the basic materials company will earn $0.76 per share for the year, down from their prior forecast of $0.84. The consensus estimate for Pan American Silver’s current full-year earnings is $0.79 per share. National Bank Financial also issued estimates for Pan American Silver’s Q4 2024 earnings at $0.33 EPS.

Other research analysts have also recently issued 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. Royal Bank of Canada upped their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.92.

Pan American Silver Stock Up 3.8 %

NYSE:PAAS opened at $25.23 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average is $22.09 and its two-hundred day moving average is $21.79. Pan American Silver has a 52 week low of $12.16 and a 52 week high of $26.05. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of -148.40 and a beta of 1.28.

Hedge Funds Weigh In On Pan American Silver

Several large investors have recently bought and sold shares of PAAS. Norges Bank purchased a new position in Pan American Silver in the fourth quarter valued at $91,916,000. Van ECK Associates Corp increased its holdings in Pan American Silver by 6.3% in the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock valued at $824,632,000 after buying an additional 2,328,306 shares during the last quarter. FMR LLC increased its holdings in Pan American Silver by 1,834.8% in the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after buying an additional 1,275,475 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in Pan American Silver in the fourth quarter valued at $24,083,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Pan American Silver by 135.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company’s stock valued at $21,463,000 after buying an additional 611,545 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

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.