Scotiabank Analysts Increase Earnings Estimates for PAAS

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Investment analysts at Scotiabank upped their FY2024 earnings per share (EPS) estimates for shares of Pan American Silver in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the basic materials company will post earnings per share of $0.81 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.

A number of other research firms also recently weighed in on PAAS. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Jefferies Financial Group boosted their price objective 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 issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.42.

Pan American Silver Trading Down 3.3 %

Shares of PAAS opened at $20.62 on Monday. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $26.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The company’s fifty day moving average is $21.74 and its 200 day moving average is $21.65. The stock has a market capitalization of $7.49 billion, a PE ratio of -121.29 and a beta of 1.27.

Institutional Trading of Pan American Silver

A number of large investors have recently made changes to their positions in PAAS. Lighthouse Investment Partners LLC bought a new stake in Pan American Silver during the 2nd quarter valued at about $990,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Pan American Silver in the second quarter valued at approximately $963,000. Stratos Wealth Advisors LLC grew its stake in Pan American Silver by 33.4% in the third 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 in the last quarter. Barclays PLC increased its holdings in Pan American Silver by 156.4% during the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock worth $1,282,000 after purchasing an additional 37,480 shares during the period. Finally, Marlin Sams Capital Management LLC raised its position in Pan American Silver by 89.2% during the 3rd quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock valued at $14,609,000 after purchasing an additional 330,000 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.10 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.94%. Pan American Silver’s payout ratio is -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.