Scotiabank Has Positive Estimate for PAAS FY2024 Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Research analysts at Scotiabank raised their FY2024 EPS estimates for shares of Pan American Silver in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings per share of $0.81 for the year, up from their prior estimate of $0.64. The consensus estimate for Pan American Silver’s current full-year earnings is $0.79 per share. Scotiabank also issued estimates for Pan American Silver’s FY2025 earnings at $0.99 EPS and FY2026 earnings at $1.15 EPS.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group increased their price objective on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver Stock Performance

PAAS stock opened at $20.62 on Monday. The stock has a market capitalization of $7.49 billion, a PE ratio of -121.29 and a beta of 1.27. The stock’s 50 day simple moving average is $21.74 and its 200 day simple moving average is $21.65. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $26.05. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.94%. Pan American Silver’s dividend payout ratio (DPR) is presently -235.29%.

Institutional Trading of Pan American Silver

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp increased its stake in Pan American Silver by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock worth $824,632,000 after buying an additional 2,328,306 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in Pan American Silver during the 2nd quarter valued at approximately $38,116,000. FMR LLC raised its stake in Pan American Silver by 1,834.8% during the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after purchasing an additional 1,275,475 shares during the period. Mackenzie Financial Corp boosted its stake in Pan American Silver by 51.1% in the 2nd quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock worth $62,107,000 after purchasing an additional 1,056,981 shares during the period. Finally, Marlin Sams Capital Management LLC grew its holdings in Pan American Silver by 89.2% during the 3rd quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock valued at $14,609,000 after buying an additional 330,000 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.