National Bank Financial Comments on PAAS Q1 Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Analysts at National Bank Financial cut their Q1 2028 earnings per share estimates for shares of Pan American Silver in a research note issued on Monday, July 13th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings of $1.60 per share for the quarter, down from their prior estimate of $1.62. 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 Q2 2028 earnings at $1.60 EPS, FY2028 earnings at $6.45 EPS, FY2029 earnings at $5.40 EPS and FY2030 earnings at $4.03 EPS.

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

A number of other research analysts have also recently commented on the stock. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Monday, May 11th. Bank of America decreased their price target on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and raised their target price for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Eight investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.43.

Pan American Silver Stock Performance

Pan American Silver stock opened at $41.80 on Thursday. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The stock has a market cap of $17.43 billion, a PE ratio of 13.44, a P/E/G ratio of 3.81 and a beta of 0.72. Pan American Silver has a 12-month low of $26.76 and a 12-month high of $69.99. The business’s 50-day moving average price is $49.81 and its two-hundred day moving average price is $54.44.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders 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 annualized dividend and a yield of 1.7%. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

Institutional Trading of Pan American Silver

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in Pan American Silver by 1,336.1% in the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after buying an additional 481 shares during the last quarter. Parallel Advisors LLC boosted its position in Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after buying an additional 387 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Pan American Silver during the 4th quarter worth approximately $34,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver during the 4th quarter worth approximately $41,000. Finally, Harbor Investment Advisory LLC acquired a new position in Pan American Silver in the 1st quarter valued at approximately $44,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver News Summary

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.