Q4 EPS Forecast for Pan American Silver Increased by Analyst

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Analysts at National Bank Financial boosted their Q4 2024 earnings per share estimates for shares of Pan American Silver in a research report issued to clients and investors on Monday, November 11th. National Bank Financial analyst D. Demarco now forecasts that the basic materials company will post earnings per share of $0.45 for the quarter, up from their previous estimate of $0.43. The consensus estimate for Pan American Silver’s current full-year earnings is $0.67 per share.

PAAS has been the topic of a number of other reports. Jefferies Financial Group lifted their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. StockNews.com upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada upped their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus price target of $24.93.

Pan American Silver Trading Up 1.6 %

Shares of PAAS stock opened at $21.87 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.06 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 firm has a 50 day moving average price of $22.13 and a two-hundred day moving average price of $21.26. The company has a market capitalization of $7.94 billion, a PE ratio of -128.64 and a beta of 1.33.

Institutional Trading of Pan American Silver

A number of institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd purchased a new stake in shares of Pan American Silver during the 3rd quarter valued at approximately $146,000. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Pan American Silver by 102.5% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company’s stock valued at $70,000 after buying an additional 1,700 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Pan American Silver during the 3rd quarter valued at approximately $1,340,000. FMR LLC lifted its stake in Pan American Silver by 1,834.8% in the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after purchasing an additional 1,275,475 shares in the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in Pan American Silver in the 3rd quarter worth approximately $692,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Monday, November 18th. Pan American Silver’s dividend payout ratio is currently -235.28%.

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.