PAAS FY2024 EPS Increased by National Bank Financial

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Equities researchers at National Bank Financial lifted their FY2024 EPS estimates for Pan American Silver in a note issued to investors on Monday, November 11th. National Bank Financial analyst D. Demarco now forecasts that the basic materials company will post earnings per share of $0.89 for the year, up from their previous estimate of $0.68. The consensus estimate for Pan American Silver’s current full-year earnings is $0.67 per share. National Bank Financial also issued estimates for Pan American Silver’s FY2025 earnings at $1.53 EPS and FY2027 earnings at $1.10 EPS.

A number of other analysts also recently weighed in on PAAS. Royal Bank of Canada increased their price target 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. Jefferies Financial Group upped their target price on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, StockNews.com raised shares of Pan American Silver from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.93.

Pan American Silver Stock Down 2.2 %

Pan American Silver stock opened at $21.52 on Thursday. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of -126.58 and a beta of 1.33. The firm has a fifty day moving average price of $22.08 and a two-hundred day moving average price of $21.25. 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 current ratio of 2.06 and a quick ratio of 0.96.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver’s payout ratio is -235.28%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp raised its holdings in Pan American Silver by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock worth $824,632,000 after buying an additional 2,328,306 shares during the period. Vanguard Group Inc. raised its position in shares of Pan American Silver by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock valued at $199,440,000 after purchasing an additional 159,908 shares during the period. Tidal Investments LLC raised its holdings in Pan American Silver by 15,618.3% in the 1st quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock valued at $57,340,000 after acquiring an additional 3,779,309 shares during the period. Mackenzie Financial Corp boosted its stake in Pan American Silver by 51.1% in the 2nd quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock valued at $62,107,000 after purchasing an additional 1,056,981 shares during the period. Finally, TD Asset Management Inc grew its holdings in Pan American Silver by 22.1% in the 2nd quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company’s stock valued at $43,440,000 after buying an additional 395,589 shares in the last quarter. Institutional investors 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.