Equities Analysts Issue Forecasts for PAAS FY2024 Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Research analysts at National Bank Financial cut their FY2024 earnings per share estimates for Pan American Silver in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings per share of $0.76 for the year, down from their previous forecast of $0.84. The consensus estimate for Pan American Silver’s current full-year earnings is $0.79 per share. National Bank Financial also issued estimates for Pan American Silver’s Q4 2024 earnings at $0.33 EPS.

Several other research firms also recently commented on PAAS. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Royal Bank of Canada raised their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.92.

Pan American Silver Stock Down 0.7 %

NYSE PAAS opened at $25.07 on Wednesday. The stock’s 50-day moving average price is $22.14 and its 200-day moving average price is $21.81. 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 52 week low of $12.17 and a 52 week high of $26.05. The company has a market capitalization of $9.10 billion, a P/E ratio of -147.48 and a beta of 1.28.

Institutional Trading of Pan American Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new stake in Pan American Silver in the 2nd quarter worth approximately $238,000. Creative Planning increased its position in Pan American Silver by 10.2% in the third quarter. Creative Planning now owns 33,004 shares of the basic materials company’s stock worth $689,000 after purchasing an additional 3,051 shares during the last quarter. Kapitalo Investimentos Ltda raised its stake in Pan American Silver by 237.2% during the third quarter. Kapitalo Investimentos Ltda now owns 128,872 shares of the basic materials company’s stock valued at $2,690,000 after purchasing an additional 90,650 shares in the last quarter. Stratos Wealth Advisors LLC lifted its position in Pan American Silver by 33.4% during the third quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock valued at $3,324,000 after purchasing an additional 39,873 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Pan American Silver by 10.4% in the 3rd quarter. Raymond James & Associates now owns 249,300 shares of the basic materials company’s stock worth $5,203,000 after buying an additional 23,543 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

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.