Scotiabank Has Positive Outlook for PAAS FY2024 Earnings

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - Investment analysts at Scotiabank increased their FY2024 earnings per share (EPS) estimates for Pan American Silver in a report released on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the basic materials company will earn $0.81 per share for the year, up from their previous forecast of $0.64. The consensus estimate for Pan American Silver's current full-year earnings is $0.79 per share. Scotiabank also issued estimates for Pan American Silver's FY2025 earnings at $0.99 EPS and FY2026 earnings at $1.15 EPS.

Other equities analysts have also recently issued research reports about the company. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Jefferies Financial Group lifted their target price on Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Pan American Silver presently has an average rating of "Moderate Buy" and a consensus price target of $25.42.

Pan American Silver Trading Down 0.3 %

Shares of NYSE:PAAS opened at $21.37 on Monday. The stock has a market capitalization of $7.76 billion, a PE ratio of -125.70 and a beta of 1.27. The company's 50-day moving average price is $21.78 and its two-hundred day moving average price is $21.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. Pan American Silver has a one year low of $12.16 and a one year high of $26.05.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in shares of Pan American Silver in the 3rd quarter valued at $28,000. Wilmington Savings Fund Society FSB acquired a new stake in Pan American Silver in the third quarter valued at about $32,000. Mark Sheptoff Financial Planning LLC grew its position in Pan American Silver by 943.4% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 1,500 shares during the last quarter. US Bancorp DE raised its stake in Pan American Silver by 13.4% during the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock worth $117,000 after acquiring an additional 660 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Pan American Silver in the third quarter worth about $146,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Monday, November 18th. Pan American Silver's dividend payout ratio (DPR) is presently -235.29%.

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.