Q4 EPS Estimates for PAAS Lifted by National Bank Financial

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - National Bank Financial boosted their Q4 2024 earnings estimates for shares of Pan American Silver in a research report issued on Monday, November 11th. National Bank Financial analyst D. Demarco now expects that the basic materials company will post earnings per share of $0.45 for the quarter, up from their previous forecast of $0.43. The consensus estimate for Pan American Silver's current full-year earnings is $0.67 per share.

PAAS has been the subject of several other research reports. Royal Bank of Canada raised their price target on Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Scotiabank boosted their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 16th. Jefferies Financial Group lifted their price target 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. Finally, StockNews.com raised 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 issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.93.

Pan American Silver Trading Down 2.2 %

NYSE:PAAS traded down $0.48 during trading hours on Wednesday, hitting $21.52. 3,076,497 shares of the stock traded hands, compared to its average volume of 4,063,549. 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 stock has a 50 day moving average price of $22.02 and a 200 day moving average price of $21.25. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $26.05.

Hedge Funds Weigh In On Pan American Silver

Several large investors have recently bought and sold shares of PAAS. Eastern Bank purchased a new stake in shares of Pan American Silver during the 3rd quarter worth $28,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company's stock worth $33,000 after buying an additional 1,500 shares during the last quarter. CWM LLC raised its position in shares of Pan American Silver by 31.6% in the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company's stock worth $42,000 after buying an additional 510 shares during the period. Perritt Capital Management Inc. lifted its stake in shares of Pan American Silver by 76.9% in the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. Finally, UniSuper Management Pty Ltd grew its stake in Pan American Silver by 73.3% during the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company's stock worth $78,000 after buying an additional 2,200 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Announces Dividend

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 given 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 of this dividend is Monday, November 18th. Pan American Silver's dividend payout ratio is currently -235.28%.

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.