Brokers Set Expectations for PAAS FY2024 Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Stock analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for 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 earn $0.89 per share for the year, up from their previous estimate of $0.68. The consensus estimate for Pan American Silver’s current full-year earnings is $0.67 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.

Several other analysts also recently issued reports on the company. Royal Bank of Canada lifted their price target on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their target price on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Finally, StockNews.com upgraded Pan American Silver from a “hold” rating to a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.93.

Pan American Silver Stock Up 1.6 %

Shares of Pan American Silver stock opened at $21.87 on Thursday. Pan American Silver has a 1 year low of $12.16 and a 1 year 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 company has a market capitalization of $7.94 billion, a P/E ratio of -128.64 and a beta of 1.33. The business has a 50-day moving average of $22.13 and a two-hundred day moving average of $21.26.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors 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 yield of 1.83%. The ex-dividend date is Monday, November 18th. Pan American Silver’s payout ratio is currently -235.28%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PAAS. Van ECK Associates Corp increased its holdings in shares of 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 purchasing an additional 2,328,306 shares during the last quarter. Vanguard Group Inc. grew its stake in Pan American Silver by 1.2% in the 1st 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 during the last quarter. Tidal Investments LLC raised its holdings 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 valued at $57,340,000 after acquiring an additional 3,779,309 shares during the period. Mackenzie Financial Corp lifted its position in 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 during the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Pan American Silver by 22.1% during the second quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company’s stock worth $43,440,000 after acquiring an additional 395,589 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

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.