Research Analysts Issue Forecasts for PAAS FY2024 Earnings

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - Analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Pan American Silver in a note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the basic materials company will earn $0.76 per share for the year, down from their previous estimate of $0.84. The consensus estimate for Pan American Silver's current full-year earnings is $0.79 per share. National Bank Financial also issued estimates for Pan American Silver's Q4 2024 earnings at $0.33 EPS.

PAAS has been the subject of several other reports. Royal Bank of Canada raised their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $25.92.

Pan American Silver Stock Performance

PAAS stock traded down $0.65 during midday trading on Wednesday, hitting $24.43. The stock had a trading volume of 3,909,858 shares, compared to its average volume of 2,849,540. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of -143.67 and a beta of 1.28. Pan American Silver has a 52 week low of $12.19 and a 52 week high of $26.05. The stock has a 50-day simple moving average of $22.19 and a 200 day simple moving average of $21.83. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver during the fourth quarter worth $27,000. Eastern Bank acquired a new stake in shares of Pan American Silver in the third quarter valued at $28,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver in the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Pan American Silver in the third quarter valued at $32,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Pan American Silver in the fourth quarter valued at $32,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

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.