What is Scotiabank’s Forecast for PAAS FY2024 Earnings?

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Investment analysts at Scotiabank increased their FY2024 EPS estimates for shares of Pan American Silver in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings of $0.81 per share for the year, up from their prior forecast of $0.64. The consensus estimate for Pan American Silver’s current full-year earnings is $0.79 per share. Scotiabank also issued estimates for Pan American Silver’s FY2025 earnings at $0.99 EPS and FY2026 earnings at $1.15 EPS.

PAAS has been the subject of a number of other reports. Jefferies Financial Group boosted their price objective on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver Stock Performance

NYSE:PAAS opened at $21.40 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The stock has a 50-day simple moving average of $21.74 and a two-hundred day simple moving average of $21.65. The firm has a market capitalization of $7.77 billion, a PE ratio of -125.87 and a beta of 1.27. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $26.05.

Institutional Investors Weigh In On Pan American Silver

A number of hedge funds have recently made changes to their positions in the company. Eastern Bank bought a new stake in Pan American Silver in the 3rd quarter worth approximately $28,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver in the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Pan American Silver during the third quarter valued at $32,000. Mark Sheptoff Financial Planning LLC raised its stake in Pan American Silver by 943.4% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,500 shares in the last quarter. Finally, US Bancorp DE lifted its position in Pan American Silver by 13.4% during the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 660 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.87%. Pan American Silver’s dividend payout ratio (DPR) is -235.29%.

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.