PAAS FY2024 EPS Estimate Boosted by National Bank Financial

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - Equities research analysts at National Bank Financial boosted their FY2024 earnings estimates for Pan American Silver in a note issued to investors on Monday, November 11th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings of $0.89 per share for the year, up from their prior forecast 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.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada raised 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 company a "hold" rating in a report on Friday, October 4th. Finally, StockNews.com raised shares of Pan American Silver from a "hold" rating to a "buy" rating in a 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.93.

Pan American Silver Stock Up 1.3 %

PAAS stock traded up $0.29 during midday trading on Thursday, reaching $21.81. 2,143,552 shares of the company were exchanged, compared to its average volume of 4,054,862. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. Pan American Silver has a 1-year low of $12.16 and a 1-year high of $26.05. The stock's 50-day simple moving average is $22.08 and its 200 day simple moving average is $21.25. The company has a market cap of $7.92 billion, a price-to-earnings ratio of -126.58 and a beta of 1.33.

Pan American Silver Dividend Announcement

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

Hedge Funds Weigh In On Pan American Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of PAAS. CWM LLC boosted 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 worth $42,000 after purchasing an additional 510 shares in the last quarter. US Bancorp DE boosted its position in shares of Pan American Silver by 13.4% in the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock worth $117,000 after buying an additional 660 shares in the last quarter. Signaturefd LLC boosted its position in shares of Pan American Silver by 11.6% in the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company's stock worth $148,000 after buying an additional 774 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Pan American Silver by 3.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company's stock worth $558,000 after buying an additional 951 shares in the last quarter. Finally, Perritt Capital Management Inc. boosted its position 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 worth $35,000 after buying an additional 1,000 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

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.