Q3 EPS Estimates for PAAS Reduced by National Bank Financial

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - Analysts at National Bank Financial reduced their Q3 2024 earnings per share estimates for Pan American Silver in a report released on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the basic materials company will post earnings per share of $0.17 for the quarter, down from their previous estimate of $0.22. 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 FY2024 earnings at $0.68 EPS and FY2025 earnings at $1.52 EPS.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The company had revenue of $686.30 million for the quarter, compared to analysts' expectations of $696.08 million. During the same period in the previous year, the firm earned $0.04 earnings per share. The firm's quarterly revenue was up 7.3% on a year-over-year basis.

A number of other research firms have also recently weighed in on PAAS. Scotiabank lifted their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 16th. 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 note on Friday, October 4th. CIBC lifted their target price on Pan American Silver from $30.00 to $35.00 and gave the company an "outperformer" rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada lifted their target price 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.93.

Pan American Silver Stock Performance

Shares of PAAS stock traded down $0.63 during trading hours on Friday, reaching $24.73. 3,062,997 shares of the company traded hands, compared to its average volume of 4,087,409. 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 0.92. The company has a market cap of $8.98 billion, a P/E ratio of -63.28 and a beta of 1.35. The firm has a 50-day moving average price of $21.37 and a 200 day moving average price of $20.83.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Monday, August 19th. Pan American Silver's payout ratio is -102.56%.

Institutional Trading of Pan American Silver

A number of large investors have recently added to or reduced their stakes in PAAS. Eastern Bank bought a new stake in Pan American Silver in the 3rd quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC increased its position 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 valued at $33,000 after purchasing an additional 1,500 shares during the last quarter. Perritt Capital Management Inc. increased its position in shares of Pan American Silver by 76.9% during 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 during the last quarter. CWM LLC increased its position in shares of Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 510 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its position in shares of Pan American Silver by 73.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company's stock valued at $78,000 after purchasing an additional 2,200 shares during the last quarter. 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.