Research Analysts Offer Predictions for PAAS FY2024 Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Research analysts at National Bank Financial dropped their FY2024 EPS estimates for Pan American Silver in a research note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings of $0.76 per share for the year, down from their prior forecast 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.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Royal Bank of Canada lifted their price target on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and an average target price of $25.92.

Pan American Silver Price Performance

PAAS stock opened at $24.32 on Wednesday. The firm’s 50-day moving average is $22.04 and its two-hundred day moving average is $21.76. 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 52 week low of $12.16 and a 52 week high of $26.05.

Institutional Investors Weigh In On Pan American Silver

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC purchased a new stake in Pan American Silver during the second quarter valued at about $238,000. Creative Planning raised its holdings in shares of Pan American Silver by 10.2% during the third quarter. Creative Planning now owns 33,004 shares of the basic materials company’s stock valued at $689,000 after acquiring an additional 3,051 shares during the period. Kapitalo Investimentos Ltda lifted its position in shares of Pan American Silver by 237.2% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 128,872 shares of the basic materials company’s stock valued at $2,690,000 after acquiring an additional 90,650 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in Pan American Silver by 33.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock worth $3,324,000 after purchasing an additional 39,873 shares during the period. Finally, Raymond James & Associates grew its position in Pan American Silver by 10.4% during the 3rd quarter. Raymond James & Associates now owns 249,300 shares of the basic materials company’s stock worth $5,203,000 after purchasing an additional 23,543 shares in the last quarter. Institutional investors and hedge funds 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.