PAAS Stock Earnings Estimates Lowered by Edison Inv. Res

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Equities researchers at Edison Inv. Res cut their FY2027 earnings per share (EPS) estimates for shares of Pan American Silver in a report released on Monday, October 12th. Edison Inv. Res analyst A. Litvin now anticipates that the basic materials company will post earnings of $3.67 per share for the year, down from their previous forecast of $4.24. The consensus estimate for Pan American Silver’s current full-year earnings is $3.80 per share.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its 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). 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 during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company posted $0.43 EPS. Pan American Silver’s quarterly revenue was up 38.4% compared to the same quarter last year.

Several other equities analysts also recently weighed in on PAAS. Bank of America dropped their price target 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. Scotiabank restated an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Royal Bank Of Canada reduced their price objective on 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. 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 research note on Monday, July 6th. Finally, Wall Street Zen cut Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and an average price target of $67.71.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $42.27 on Thursday. The business’s fifty day moving average price is $49.15 and its two-hundred day moving average price is $50.26. The stock has a market cap of $17.49 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 4.38 and a beta of 0.75. 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 has a one year low of $33.08 and a one year high of $69.99.

Pan American Silver Increases Dividend

The firm also recently announced 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 represents a $0.74 annualized dividend and a yield of 1.7%. This is a boost from Pan American Silver’s previous quarterly dividend of C$0.18. The ex-dividend date was Monday, August 24th. Pan American Silver’s dividend payout ratio (DPR) is currently 22.05%.

Institutional Trading of Pan American Silver

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Pan American Silver in the 2nd quarter valued at about $375,948,000. The Manufacturers Life Insurance Company acquired a new position in shares of Pan American Silver during the 2nd quarter valued at about $145,312,000. Canada Pension Plan Investment Board acquired a new position in shares of Pan American Silver during the 2nd quarter valued at about $138,282,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Pan American Silver during the 2nd quarter worth about $130,636,000. Finally, Amundi lifted its holdings in shares of Pan American Silver by 4.9% during the 2nd quarter. Amundi now owns 2,753,719 shares of the basic materials company’s stock worth $123,339,000 after acquiring an additional 127,712 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

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.