Scotiabank Boosts Earnings Estimates for Pan American Silver

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Scotiabank increased their FY2024 earnings per share estimates for Pan American Silver in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings of $0.81 per share for the year, up from their previous estimate 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.

Several other brokerages have also issued reports on PAAS. Jefferies Financial Group upped their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver Trading Up 3.8 %

Shares of Pan American Silver stock opened at $21.40 on Monday. The company’s 50-day moving average price is $21.74 and its 200-day moving average price is $21.65. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $26.05. The company has a market cap of $7.77 billion, a price-to-earnings ratio of -125.87 and a beta of 1.27.

Hedge Funds Weigh In On Pan American Silver

Institutional investors and hedge funds have recently made changes to their positions in the business. Eastern Bank purchased a new position in Pan American Silver in the third quarter worth about $28,000. Laurel Wealth Advisors LLC purchased a new stake in Pan American Silver during the 4th quarter valued at $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver in the 3rd quarter worth $32,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Pan American Silver by 943.4% during 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 purchasing an additional 1,500 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of 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 valued at $117,000 after buying an additional 660 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, November 18th. Pan American Silver’s dividend payout ratio is currently -235.29%.

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.