Equities Analysts Set Expectations for PAAS Q2 Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Analysts at National Bank Financial dropped their Q2 2026 earnings per share estimates for shares of Pan American Silver in a research note issued to investors on Monday, July 13th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings of $0.89 per share for the quarter, down from their previous estimate of $1.33. The consensus estimate for Pan American Silver’s current full-year earnings is $4.13 per share. National Bank Financial also issued estimates for Pan American Silver’s Q3 2026 earnings at $0.89 EPS, Q4 2026 earnings at $1.04 EPS, FY2026 earnings at $3.91 EPS, Q1 2027 earnings at $1.01 EPS, Q2 2027 earnings at $1.02 EPS, Q3 2027 earnings at $1.03 EPS, Q4 2027 earnings at $1.03 EPS and FY2027 earnings at $4.08 EPS.

Several other research analysts have also recently weighed in on PAAS. Jefferies Financial Group lowered their price target on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a research report on Tuesday, April 28th. Scotiabank reiterated an “outperform” rating on shares of Pan American Silver in a research note on Tuesday. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Price Performance

NYSE:PAAS opened at $41.80 on Friday. The company has a market cap of $17.43 billion, a P/E ratio of 13.44, a P/E/G ratio of 3.81 and a beta of 0.72. The firm’s fifty day moving average price is $49.81 and its two-hundred day moving average price is $54.44. Pan American Silver has a one year low of $26.76 and a one year high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the business earned $0.42 EPS. The firm’s revenue for the quarter was up 49.3% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PAAS. AQR Capital Management LLC grew its stake in Pan American Silver by 48.6% during the first quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after buying an additional 6,391 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Pan American Silver by 574.9% in the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock valued at $504,000 after buying an additional 16,626 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Pan American Silver by 31.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after buying an additional 360,283 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Pan American Silver during the 1st quarter worth approximately $1,272,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 594 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a $0.18 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. Pan American Silver’s dividend payout ratio (DPR) is presently 23.15%.

More Pan American Silver News

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

• Positive Sentiment: Scotiabank raised its earnings estimates across several periods, including Q4 2026, Q3 2027, Q1 2028, Q2 2028, FY2028, FY2029 and FY2030, while reiterating an Outperform rating. This suggests confidence in Pan American Silver’s longer-term earnings power.
• Positive Sentiment: Scotiabank also increased its FY2028, FY2029 and FY2030 EPS forecasts, reinforcing a constructive long-term view on the company.
• Neutral Sentiment: Pan American Silver recently reported strong quarterly results, beating EPS and revenue expectations and posting significant year-over-year revenue growth. That prior earnings strength still supports the stock’s fundamental backdrop.
• Negative Sentiment: National Bank Financial cut multiple 2026 and 2027 EPS estimates, including FY2026 and FY2027, which may have raised concerns about near- to medium-term profitability.
• Negative Sentiment: The bank also lowered its FY2028, FY2029 and FY2030 earnings estimates, signaling a more cautious view on future earnings versus earlier expectations.
• Negative Sentiment: Several of National Bank Financial’s quarterly cuts were substantial, especially for Q2 2026, Q3 2026, Q1 2027, Q2 2027 and Q4 2027, which could contribute to selling pressure on the shares.

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.