National Bank Financial Forecasts PAAS Q4 Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Analysts at National Bank Financial increased their Q4 2024 EPS estimates for shares of Pan American Silver in a report released on Monday, November 11th. National Bank Financial analyst D. Demarco now expects that the basic materials company will post earnings of $0.45 per share for the quarter, up from their prior estimate of $0.43. The consensus estimate for Pan American Silver’s current full-year earnings is $0.67 per share.

PAAS has been the topic of a number of other research reports. Jefferies Financial Group lifted their price target on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. StockNews.com upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada raised their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.93.

Pan American Silver Stock Down 2.2 %

PAAS stock opened at $21.52 on Wednesday. The firm has a market cap of $7.81 billion, a PE ratio of -126.58 and a beta of 1.33. Pan American Silver has a 12 month low of $12.16 and a 12 month 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. The firm has a 50 day simple moving average of $22.08 and a 200 day simple moving average of $21.25.

Institutional Trading of Pan American Silver

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC increased its position in Pan American Silver by 15,618.3% in the 1st quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock worth $57,340,000 after buying an additional 3,779,309 shares during the period. Van ECK Associates Corp increased its position 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 during the period. Driehaus Capital Management LLC acquired a new position in Pan American Silver during the 2nd quarter valued at $38,116,000. FMR LLC boosted its holdings in Pan American Silver by 1,834.8% in the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after purchasing an additional 1,275,475 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Pan American Silver by 366.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,601,137 shares of the basic materials company’s stock worth $31,831,000 after purchasing an additional 1,258,205 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Dividend Announcement

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

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.