Q1 EPS Forecast for Pan American Silver Reduced by Analyst

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Research analysts at Scotiabank lowered their Q1 2026 EPS estimates for Pan American Silver in a research report issued to clients and investors on Monday, April 13th. Scotiabank analyst O. Habib now forecasts that the basic materials company will post earnings per share of $0.53 for the quarter, down from their previous estimate of $0.83. 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 Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.50 EPS, Q4 2026 earnings at $0.46 EPS, FY2026 earnings at $1.97 EPS, Q1 2028 earnings at $0.56 EPS, FY2028 earnings at $2.27 EPS and FY2029 earnings at $2.16 EPS.

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

PAAS has been the topic of several other reports. Zacks Research raised shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Wall Street Zen upgraded shares of 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 target price on Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Finally, Jefferies Financial Group decreased their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

Pan American Silver Price Performance

Shares of PAAS opened at $56.54 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69. Pan American Silver has a 52-week low of $22.08 and a 52-week high of $69.99. The stock has a 50 day simple moving average of $57.62 and a 200 day simple moving average of $50.10. The firm has a market capitalization of $23.83 billion, a PE ratio of 22.62, a P/E/G ratio of 0.48 and a beta of 0.75.

Institutional Investors Weigh In On Pan American Silver

A number of large investors have recently added to or reduced their stakes in PAAS. Van ECK Associates Corp boosted its position in Pan American Silver by 51.8% during the third 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 period. Norges Bank acquired a new position in shares of Pan American Silver in the fourth quarter valued at $303,611,000. First Eagle Investment Management LLC bought a new position in Pan American Silver in the 3rd quarter valued at about $178,004,000. FIL Ltd lifted its position in Pan American Silver by 154.7% during the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after acquiring an additional 4,438,478 shares during the last quarter. Finally, Capital International Investors bought a new stake in shares of Pan American Silver during the fourth quarter worth approximately $215,484,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Increases Dividend

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

More Pan American Silver News

Here are the key news stories impacting Pan American Silver this week:

• Positive Sentiment: Scotiabank keeps an “Outperform” rating and a $64 price target on PAAS, indicating continued analyst conviction in the name despite model changes.
• Positive Sentiment: Pan American reported a substantial decline in silver All‑In Sustaining Cost (AISC) for 2025, which supports higher cash margins if the improvement persists. Can Pan American Silver Sustain Its Strong Silver AISC Momentum?
• Neutral Sentiment: Scotiabank’s long‑range estimates show only small adjustments in the late‑cycle years (minor downticks to FY2028/FY2029 and a tiny raise to FY2030), suggesting the bank still sees medium‑term upside but less near‑term visibility.
• Negative Sentiment: Scotiabank cut near‑term quarterly EPS across 2026: Q1 to $0.53 (from $0.83), Q2 to $0.48 (from $0.78), Q3 to $0.50 (from $0.73), and Q4 to $0.46 (from $0.66). Those downgrades point to weaker expected earnings this year and likely weigh on the stock.
• Negative Sentiment: Scotiabank slashed FY2026 EPS from $3.00 to $1.97 — a large downward revision that materially reduces near‑term earnings power versus prior expectations and is the clearest negative catalyst in today’s moves.
• Negative Sentiment: Analysts and coverage pieces also warn that rising mine costs and mixed performances across Pan American’s assets could make it hard to sustain the 2025 AISC gains, adding execution risk to the cost story. Can Pan American Silver Sustain Its Strong Silver AISC Momentum?

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.