National Bank Financial Comments on Pan American Silver Corp.’s FY2024 Earnings (NYSE:PAAS)

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Stock analysts at National Bank Financial dropped their FY2024 earnings estimates for shares of Pan American Silver in a research note issued on Tuesday, July 16th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will earn $0.63 per share for the year, down from their prior forecast of $0.73. The consensus estimate for Pan American Silver’s current full-year earnings is $0.62 per share. National Bank Financial also issued estimates for Pan American Silver’s FY2025 earnings at $1.02 EPS.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.07. The firm had revenue of $601.40 million during the quarter, compared to analyst estimates of $592.58 million. Pan American Silver had a positive return on equity of 0.13% and a negative net margin of 6.68%. The business’s revenue for the quarter was up 54.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS.

A number of other brokerages have also recently commented on PAAS. CIBC raised their price objective on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. BMO Capital Markets lifted their price objective on shares of Pan American Silver from $22.00 to $24.00 in a report on Tuesday, May 21st. StockNews.com upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. Jefferies Financial Group upped their price target on Pan American Silver from $19.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 12th. Finally, Scotiabank raised their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.42.

Pan American Silver Stock Down 1.8 %

PAAS stock opened at $22.52 on Friday. Pan American Silver has a 12 month low of $12.16 and a 12 month high of $24.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.11 and a quick ratio of 0.92. The company has a market capitalization of $8.17 billion, a P/E ratio of -48.96 and a beta of 1.31. The firm’s fifty day simple moving average is $21.17 and its 200-day simple moving average is $17.37.

Institutional Investors Weigh In On Pan American Silver

Hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of Pan American Silver by 1.4% in the 1st quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company’s stock valued at $701,016,000 after purchasing an additional 653,064 shares during the last quarter. Vanguard Group Inc. increased its position in Pan American Silver by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock worth $199,440,000 after buying an additional 159,908 shares during the period. Norges Bank purchased a new stake in Pan American Silver in the fourth quarter valued at approximately $63,066,000. Tidal Investments LLC boosted its holdings in shares of Pan American Silver by 15,618.3% in the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock valued at $57,340,000 after acquiring an additional 3,779,309 shares during the period. Finally, Sprott Inc. grew its position in shares of Pan American Silver by 3.7% during the fourth quarter. Sprott Inc. now owns 3,046,124 shares of the basic materials company’s stock worth $49,746,000 after acquiring an additional 107,965 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 21st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.78%. Pan American Silver’s payout ratio is -86.96%.

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.