Edison Inv. Res Issues Optimistic Forecast for PAAS Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Analysts at Edison Inv. Res upped their FY2027 earnings per share estimates for shares of Pan American Silver in a research report issued on Tuesday, August 18th. Edison Inv. Res analyst A. Litvin now expects that the basic materials company will earn $4.24 per share for the year, up from their previous forecast of $4.10. The consensus estimate for Pan American Silver’s current full-year earnings is $4.11 per share.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. Pan American Silver’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS.

Other analysts have also recently issued research reports about the stock. Bank of America reduced their target price 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. Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings cut shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Jefferies Financial Group lowered their target price on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, July 6th. Finally, TD Securities upgraded 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 research note on Monday, May 11th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $46.60 on Wednesday. Pan American Silver has a one year low of $30.59 and a one year high of $69.99. The company has a market cap of $19.44 billion, a PE ratio of 14.08, a P/E/G ratio of 4.10 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. The business has a 50-day simple moving average of $45.98 and a 200-day simple moving average of $52.85.

Hedge Funds Weigh In On Pan American Silver

Several hedge funds have recently added to or reduced their stakes in PAAS. BlackRock Inc. purchased a new position in Pan American Silver in the second quarter valued at approximately $375,948,000. Norges Bank purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $303,611,000. FIL Ltd lifted its position in shares of Pan American Silver by 154.7% during the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after buying an additional 4,438,478 shares during the last quarter. Capital International Investors acquired a new position in shares of Pan American Silver in the 4th quarter valued at $215,484,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Pan American Silver in the 2nd quarter valued at $145,312,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be paid a dividend of $0.184 per share. The ex-dividend date is Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 1.6%. Pan American Silver’s dividend payout ratio (DPR) is presently 21.75%.

Pan American Silver Company Profile

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.