Analysts Set Expectations for PAAS Q3 Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Research analysts at National Bank Financial reduced their Q3 2026 earnings per share estimates for shares of Pan American Silver in a report released on Sunday, September 20th. National Bank Financial analyst D. Demarco now expects that the basic materials company will earn $0.82 per share for the quarter, down from their previous forecast of $0.87. The consensus estimate for Pan American Silver’s current full-year earnings is $3.81 per share. National Bank Financial also issued estimates for Pan American Silver’s Q1 2027 earnings at $1.06 EPS, Q2 2027 earnings at $1.08 EPS, Q3 2027 earnings at $1.08 EPS, Q4 2027 earnings at $1.08 EPS, FY2027 earnings at $4.31 EPS, Q2 2028 earnings at $1.65 EPS and FY2028 earnings at $6.65 EPS.

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

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada dropped their target price on shares of Pan American Silver from $65.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th. Bank of America dropped their price objective 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 Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Jefferies Financial Group lowered their target price on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Finally, Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Pan American Silver presently has an average rating of “Moderate Buy” and a consensus target price of $67.71.

Pan American Silver Price Performance

Pan American Silver stock opened at $46.15 on Wednesday. The stock has a market capitalization of $19.10 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 4.50 and a beta of 0.77. Pan American Silver has a 52-week low of $33.08 and a 52-week high of $69.99. The stock’s 50 day moving average price is $48.99 and its two-hundred day moving average price is $50.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were paid a dividend of C$0.18 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of C$0.18. Pan American Silver’s dividend payout ratio (DPR) is presently 22.36%.

Hedge Funds Weigh In On Pan American Silver

Several institutional investors have recently added to or reduced their stakes in PAAS. Fifth Third Bancorp boosted its stake in Pan American Silver by 1,336.1% in the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 481 shares during the last quarter. NFJ Investment Group LLC purchased a new stake in shares of Pan American Silver during the 2nd quarter worth approximately $25,000. Danske Bank A S bought a new stake in shares of Pan American Silver in the 2nd quarter worth approximately $30,000. Harbor Investment Advisory LLC bought a new stake in shares of Pan American Silver in the 1st quarter worth approximately $44,000. Finally, Paladin Partners LLC bought a new position in Pan American Silver during the second quarter valued at $40,000. Institutional investors own 55.43% of the company’s stock.

Trending Headlines about Pan American Silver

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

• Positive Sentiment: National Bank Financial raised its earnings outlook. The firm increased its FY2027 EPS forecast to $4.31 from $4.15 and FY2028 EPS to $6.65 from $6.45. It also lifted estimates for Q1 2027, Q2 2027, Q3 2027, Q4 2027 and Q2 2028. These revisions suggest stronger expected profitability and may support investor interest in PAAS.
• Positive Sentiment: Scotiabank also raised its near-term projections. Its Q3 2026 EPS estimate increased to $0.71 from $0.67, Q4 2026 to $0.78 from $0.74, and FY2026 to $3.27 from $3.21. Scotiabank maintained an “Outperform” rating, reinforcing the constructive view.
• Neutral Sentiment: Management’s Mining Forum Americas presentation provides additional investor visibility. The September 29 presentation may have offered updates on operations, commodities and growth plans, but the supplied coverage does not identify a specific new announcement likely to materially change valuation. Mining Forum Americas presentation transcript
• Negative Sentiment: National Bank Financial lowered its Q3 2026 EPS estimate to $0.82 from $0.87, indicating some potential near-term earnings pressure. Scotiabank’s FY2027 estimate also edged down to $2.66 from $2.67, although this was partly offset by its higher 2026 forecasts.
• Negative Sentiment: PAAS recently underperformed the broader market. Shares closed at $45.77 in the latest cited session, down 4.73%, suggesting recent selling pressure despite the improving analyst outlook. Zacks PAAS market performance analysis

Pan American Silver Company Profile

Pan American Silver Corp. is a precious metals mining company focused on the exploration, development, and operation of silver and gold mines. The company produces silver, gold, zinc, lead, and copper, with silver and gold representing its principal products.

Founded in 1994, Pan American Silver is headquartered in Vancouver, British Columbia, and has developed a portfolio of mining operations and projects across the Americas. Its activities have included operations in Canada, Mexico, Peru, Bolivia, Argentina, Brazil, and Chile, although its operating portfolio can change as assets are developed, acquired, or divested.