Scotiabank Predicts Weaker Earnings for Pan American Silver

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Investment analysts at Scotiabank cut their Q1 2027 earnings per share estimates for shares of Pan American Silver in a report issued on Monday, April 13th. Scotiabank analyst O. Habib now forecasts that the basic materials company will post earnings of $0.55 per share for the quarter, down from their prior estimate of $0.56. Scotiabank has a “Outperform” rating and a $64.00 price objective on the stock. The consensus estimate for Pan American Silver’s current full-year earnings is $1.26 per share. Scotiabank also issued estimates for Pan American Silver’s Q3 2027 earnings at $0.54 EPS, Q4 2027 earnings at $0.54 EPS, FY2027 earnings at $2.17 EPS and FY2030 earnings at $1.68 EPS.

A number of other brokerages have also weighed in on PAAS. Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group decreased their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average price target of $56.60.

Pan American Silver Price Performance

Shares of PAAS opened at $57.38 on Wednesday. Pan American Silver has a twelve month low of $22.08 and a twelve month high of $69.99. The stock’s 50 day moving average is $57.53 and its two-hundred day moving average is $50.05. The firm has a market capitalization of $24.18 billion, a PE ratio of 22.95, a P/E/G ratio of 0.48 and a beta of 0.75. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 44.7% compared to the same quarter last year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.18 per share. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. Pan American Silver’s dividend payout ratio is presently 28.80%.

Institutional Investors Weigh In On Pan American Silver

Several institutional investors have recently modified their holdings of PAAS. Van ECK Associates Corp raised its position in shares of Pan American Silver by 51.8% during the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after purchasing an additional 15,405,762 shares during the last quarter. Norges Bank acquired a new position in shares of Pan American Silver during the 4th quarter worth approximately $303,611,000. First Eagle Investment Management LLC acquired a new position in shares of Pan American Silver during the 3rd quarter worth approximately $178,004,000. FIL Ltd raised its position in shares of Pan American Silver by 154.7% during the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after purchasing an additional 4,438,478 shares during the last quarter. Finally, Capital International Investors acquired a new position in shares of Pan American Silver during the 4th quarter worth approximately $215,484,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.