PAAS Stock Gets Increased EPS Estimate from Scotiabank

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Research analysts at Scotiabank boosted their Q3 2026 earnings estimates for Pan American Silver in a research report issued on Monday, September 21st. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings per share of $0.71 for the quarter, up from their previous estimate of $0.67. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Pan American Silver’s current full-year earnings is $3.81 per share. Scotiabank also issued estimates for Pan American Silver’s Q4 2026 earnings at $0.78 EPS, FY2026 earnings at $3.27 EPS and FY2027 earnings at $2.66 EPS.

PAAS has been the subject of several other research reports. Royal Bank Of Canada reduced their target price on shares of Pan American Silver from $65.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, September 16th. Zacks Research raised Pan American Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Bank of America reduced their price objective on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Jefferies Financial Group decreased their price objective on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, July 6th. Finally, Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and an average price target of $67.71.

Pan American Silver Stock Performance

NYSE PAAS opened at $44.94 on Wednesday. The company’s fifty day moving average is $49.01 and its two-hundred day moving average is $50.64. Pan American Silver has a 52-week low of $33.08 and a 52-week high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. The firm has a market capitalization of $18.60 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 4.47 and a beta of 0.75.

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

Institutional Investors Weigh In On Pan American Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Andra AP fonden boosted its stake in Pan American Silver by 33.9% in the second quarter. Andra AP fonden now owns 252,245 shares of the basic materials company’s stock worth $11,298,000 after purchasing an additional 63,800 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Pan American Silver by 5.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,997 shares of the basic materials company’s stock worth $493,000 after buying an additional 585 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in Pan American Silver by 34.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 16,199 shares of the basic materials company’s stock worth $726,000 after acquiring an additional 4,136 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Pan American Silver by 871.7% during the 2nd quarter. NewEdge Advisors LLC now owns 229,888 shares of the basic materials company’s stock worth $10,297,000 after acquiring an additional 206,230 shares during the last quarter. Finally, Spark Investment Management LLC acquired a new stake in Pan American Silver in the 2nd quarter valued at about $582,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Increases Dividend

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

Key Headlines Impacting Pan American Silver

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

• Positive Sentiment: National Bank Financial raised its FY2027 EPS forecast to $4.31 from $4.15 and increased its FY2028 estimate to $6.65 from $6.45. It also lifted several quarterly forecasts, including Q1 2027 to $1.06 and Q2-Q4 2027 to $1.08 each, suggesting stronger expected earnings momentum. Pan American Silver analyst estimates
• Positive Sentiment: Scotiabank increased its Q3 2026 EPS estimate to $0.71 from $0.67 and its Q4 2026 forecast to $0.78 from $0.74. The bank maintained its “Outperform” rating, indicating it remains constructive despite other estimate changes. Pan American Silver analyst estimates
• Neutral Sentiment: Analyst views are divided: National Bank Financial lowered its Q3 2026 estimate to $0.82 from $0.87, while Scotiabank raised its full-year 2026 forecast to $3.27 from $3.21. The differing outlooks may contribute to near-term volatility.
• Negative Sentiment: Scotiabank cut its Q1 2027 and Q2 2028 EPS estimates to $0.67 and $0.58, respectively, and reduced FY2028, FY2029 and FY2030 forecasts to $2.29, $2.06 and $1.70. Those figures were lowered from $2.73, $2.68 and $2.18 for the respective annual periods, signaling weaker expected long-term profitability and likely weighing on the shares.

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.