National Bank Financial Estimates PAAS FY2026 Earnings

Key Points

• National Bank Financial lowered Pan American Silver’s FY2026 EPS estimate to $3.52 from $3.72, though it remains above the $3.35 analyst consensus.
• Analyst sentiment remains generally positive: seven analysts rate the stock a Buy and three rate it a Hold, producing a consensus rating of “Moderate Buy” and an average price target of $67.71.
• Pan American Silver’s latest quarterly results missed expectations, with EPS of $0.73 versus the $0.84 consensus and revenue of $1.12 billion versus $1.16 billion expected; revenue nevertheless rose 38.4% year over year.

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - Stock analysts at National Bank Financial reduced their FY2026 earnings per share (EPS) estimates for shares of Pan American Silver in a research report issued on Sunday, October 18th. National Bank Financial analyst D. Demarco now expects that the basic materials company will earn $3.52 per share for the year, down from their prior forecast of $3.72. The consensus estimate for Pan American Silver's current full-year earnings is $3.35 per share. National Bank Financial also issued estimates for Pan American Silver's Q4 2026 earnings at $1.02 EPS, Q1 2027 earnings at $1.04 EPS, Q2 2027 earnings at $0.98 EPS, Q3 2027 earnings at $0.98 EPS, Q4 2027 earnings at $1.00 EPS, FY2027 earnings at $3.99 EPS, Q1 2028 earnings at $1.59 EPS, Q2 2028 earnings at $1.58 EPS, Q3 2028 earnings at $1.60 EPS, FY2028 earnings at $6.37 EPS and FY2029 earnings at $5.76 EPS.

Other analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Royal Bank Of Canada cut their price target on shares of Pan American Silver from $65.00 to $56.00 and set an "outperform" rating on the stock in a report on Wednesday, September 16th. Scotiabank reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 14th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Pan American Silver in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Pan American Silver from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $67.71.

Pan American Silver Stock Performance

Pan American Silver stock opened at $41.12 on Friday. The company has a market cap of $17.01 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 4.88 and a beta of 0.75. Pan American Silver has a 12 month low of $33.08 and a 12 month high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. The stock's 50-day moving average is $48.32 and its 200-day moving average is $49.82.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.11). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. Pan American Silver's revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were paid a C$0.18 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Pan American Silver's previous quarterly dividend of C$0.18. The ex-dividend date was Monday, August 24th. Pan American Silver's payout ratio is 22.36%.

Hedge Funds Weigh In On Pan American Silver

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Investment Advisors LLC acquired a new stake in Pan American Silver in the third quarter valued at approximately $270,000. Sawyer & Company Inc purchased a new stake in shares of Pan American Silver during the third quarter valued at approximately $46,000. Uncommon Cents Investing Inc raised its stake in shares of Pan American Silver by 25.7% during the third quarter. Uncommon Cents Investing Inc now owns 8,075 shares of the basic materials company's stock valued at $367,000 after purchasing an additional 1,650 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of Pan American Silver by 1.5% during the third quarter. TD Waterhouse Canada Inc. now owns 557,233 shares of the basic materials company's stock worth $25,049,000 after purchasing an additional 7,997 shares in the last quarter. Finally, Global Strategic Management Inc. boosted its stake in shares of Pan American Silver by 8.7% in the third quarter. Global Strategic Management Inc. now owns 150,947 shares of the basic materials company's stock valued at $6,862,000 after purchasing an additional 12,110 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Pan American Silver

Here are the key news stories impacting Pan American Silver this week:

• Positive Sentiment: National Bank Financial slightly raised its FY2030 EPS forecast to $5.35 from $5.34, indicating broadly stable long-term expectations for Pan American Silver.
• Neutral Sentiment: The analyst’s updated forecasts still call for earnings growth from $3.52 per share in FY2026 to $3.99 in FY2027 and $6.37 in FY2028, although each of those estimates was reduced from previous projections. Pan American Silver analyst estimates
• Negative Sentiment: National Bank Financial cut its Q3 2026 EPS forecast to $0.68 from $0.82, a sizable reduction that may weigh on sentiment ahead of the company’s results.
• Negative Sentiment: The firm also lowered FY2026 EPS to $3.52 from $3.72, FY2027 EPS to $3.99 from $4.31, FY2028 EPS to $6.37 from $6.65, and FY2029 EPS to $5.76 from $5.83.
• Negative Sentiment: Quarterly estimates were reduced for Q4 2026, Q1–Q3 2027, and Q1–Q3 2028. The largest later-period cuts were Q3 2027, reduced to $0.98 from $1.08, and Q4 2027, reduced to $1.00 from $1.08.
• Negative Sentiment: Pan American Silver’s shares also declined in the latest session even as the broader market advanced, reflecting company-specific concerns tied to the downward earnings revisions. Pan American Silver stock sinks as market gains

About Pan American Silver

Pan American Silver Corp. is a Canada-based precious metals mining company that explores, develops and operates mines producing silver, gold, zinc, lead and other mineral concentrates. Its activities include mine development, mineral processing, exploration and related infrastructure and support services.

Founded in 1994, Pan American Silver has built a portfolio of mining operations and projects across the Americas. The company's assets have included operations in Mexico, Peru, Bolivia, Argentina, Brazil and Chile, while certain properties in countries such as Guatemala have been placed on care and maintenance or otherwise reassessed over time.

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