Scotiabank Has Bullish Estimate for PAAS FY2030 Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Equities research analysts at Scotiabank upped their FY2030 earnings per share estimates for Pan American Silver in a report released on Tuesday, April 21st. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings per share of $1.69 for the year, up from their prior estimate of $1.68. Scotiabank currently has a “Outperform” rating and a $64.00 price target on the stock. The consensus estimate for Pan American Silver’s current full-year earnings is $4.32 per share.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, topping 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 analysts’ expectations of $1.11 billion. During the same quarter last year, the business earned $0.35 earnings per share. Pan American Silver’s revenue was up 44.7% on a year-over-year basis.

A number of other research firms have also recently issued reports on PAAS. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Jefferies Financial Group decreased their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Stock Performance

NYSE:PAAS opened at $56.07 on Friday. The stock’s 50-day simple moving average is $57.52 and its 200 day simple moving average is $50.83. The firm has a market capitalization of $23.63 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.47 and a beta of 0.75. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11. Pan American Silver has a twelve month low of $22.08 and a twelve month high of $69.99.

Pan American Silver Increases Dividend

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

Hedge Funds Weigh In On Pan American Silver

Several large investors have recently bought and sold shares of PAAS. Van ECK Associates Corp raised its position in Pan American Silver by 51.8% in the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock valued at $1,748,355,000 after purchasing an additional 15,405,762 shares during the last quarter. Norges Bank bought a new position in Pan American Silver in the fourth quarter valued at about $303,611,000. First Eagle Investment Management LLC bought a new position in Pan American Silver in the third quarter valued at about $178,004,000. FIL Ltd raised its position in Pan American Silver by 154.7% in the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock valued at $378,872,000 after purchasing an additional 4,438,478 shares during the last quarter. Finally, Capital International Investors bought a new position in Pan American Silver in the fourth quarter valued at about $215,484,000. 55.43% of the stock is currently owned by institutional investors.

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.