Q4 EPS Forecast for Pan American Silver Increased by Analyst

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Investment analysts at National Bank Financial upped their Q4 2024 earnings estimates for shares of Pan American Silver in a research note issued on Monday, November 11th. National Bank Financial analyst D. Demarco now anticipates 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.

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

Pan American Silver Stock Performance

NYSE PAAS opened at $21.87 on Wednesday. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $26.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The company has a market capitalization of $7.94 billion, a P/E ratio of -128.64 and a beta of 1.33. The company has a fifty day moving average of $22.13 and a 200-day moving average of $21.26.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Monday, November 18th. Pan American Silver’s payout ratio is -235.28%.

Hedge Funds Weigh In On Pan American Silver

A number of hedge funds have recently modified their holdings of the company. Foundry Partners LLC increased its position in shares of Pan American Silver by 11.6% during the first quarter. Foundry Partners LLC now owns 247,676 shares of the basic materials company’s stock valued at $3,735,000 after buying an additional 25,835 shares during the period. Lighthouse Investment Partners LLC bought a new position in Pan American Silver during the second quarter valued at approximately $990,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Pan American Silver during the second quarter valued at approximately $963,000. Cetera Investment Advisers bought a new position in Pan American Silver during the first quarter valued at approximately $1,565,000. Finally, Stratos Wealth Advisors LLC lifted its position in Pan American Silver by 33.4% during the third quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock valued at $3,324,000 after purchasing an additional 39,873 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Company Profile

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.