National Bank Financial Forecasts PAAS Q4 Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Stock analysts at National Bank Financial boosted their Q4 2024 earnings estimates for Pan American Silver in a research report issued on Monday, November 11th. National Bank Financial analyst D. Demarco now forecasts that the basic materials company will post earnings of $0.45 per share for the quarter, up from their prior forecast of $0.43. The consensus estimate for Pan American Silver’s current full-year earnings is $0.67 per share.

A number of other research firms also recently commented on PAAS. Jefferies Financial Group lifted their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. StockNews.com raised shares of Pan American Silver from a “hold” rating to a “buy” rating in a report on Tuesday. Royal Bank of Canada boosted their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Scotiabank lifted their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.93.

Pan American Silver Stock Performance

Pan American Silver stock opened at $22.00 on Wednesday. The company has a fifty day moving average price of $22.02 and a two-hundred day moving average price of $21.25. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Pan American Silver has a 12 month low of $12.16 and a 12 month high of $26.05.

Institutional Investors Weigh In On Pan American Silver

Hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Investment Consultants LLC bought a new stake in Pan American Silver in the third quarter worth about $838,000. Foundry Partners LLC raised its position in Pan American Silver by 22.7% in the third quarter. Foundry Partners LLC now owns 320,069 shares of the basic materials company’s stock worth $6,680,000 after acquiring an additional 59,304 shares in the last quarter. Advisors Asset Management Inc. raised its position in Pan American Silver by 3.7% in the third quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock worth $558,000 after acquiring an additional 951 shares in the last quarter. Swiss National Bank raised its position in Pan American Silver by 0.3% in the third quarter. Swiss National Bank now owns 1,097,619 shares of the basic materials company’s stock worth $22,955,000 after acquiring an additional 3,400 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in Pan American Silver by 0.3% in the third quarter. CIBC Asset Management Inc now owns 598,855 shares of the basic materials company’s stock worth $12,510,000 after acquiring an additional 2,020 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver’s dividend payout ratio is currently -235.28%.

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.