Q3 EPS Estimates for PAAS Reduced by National Bank Financial

Key Points

• National Bank Financial cut its Q3 2026 EPS estimate for Pan American Silver to $0.87 from $0.89. The firm projects $3.68 in FY2026 EPS, below the broader full-year consensus estimate of $3.87.
• 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, though revenue increased 38.4% year over year.
• The stock has a “Moderate Buy” consensus rating and a $70.43 average target price from analysts. The company also raised its quarterly dividend to $0.184 per share, representing a 1.5% yield.

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - Equities research analysts at National Bank Financial reduced their Q3 2026 earnings per share estimates for shares of Pan American Silver in a report issued on Monday, August 31st. National Bank Financial analyst D. Demarco now expects that the basic materials company will earn $0.87 per share for the quarter, down from their previous estimate of $0.89. The consensus estimate for Pan American Silver's current full-year earnings is $3.87 per share. National Bank Financial also issued estimates for Pan American Silver's Q4 2026 earnings at $0.98 EPS, FY2026 earnings at $3.68 EPS, Q1 2028 earnings at $1.59 EPS, FY2029 earnings at $5.35 EPS and FY2030 earnings at $3.98 EPS.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data 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). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company's revenue was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share.

PAAS has been the subject of a number of other research reports. Bank of America reduced their target price on Pan American Silver from $77.00 to $69.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Jefferies Financial Group reduced their price objective on shares of Pan American Silver from $54.00 to $53.00 and set a "hold" rating for the company in a research note on Monday, July 6th. Scotiabank reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 14th. TD Cowen raised shares of Pan American Silver from a "hold" rating to a "buy" rating and raised their price target for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Finally, Zacks Research raised shares of Pan American Silver from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $70.43.

Pan American Silver Trading Down 3.7%

Shares of PAAS stock opened at $49.99 on Wednesday. The stock has a market capitalization of $20.76 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 5.03 and a beta of 0.77. The company's fifty day simple moving average is $46.78 and its two-hundred day simple moving average is $52.53. Pan American Silver has a 1 year low of $33.08 and a 1 year 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.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be issued a $0.184 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 24th. This is a positive change from Pan American Silver's previous quarterly dividend of $0.18. Pan American Silver's payout ratio is currently 22.36%.

Institutional Trading of Pan American Silver

A number of hedge funds have recently bought and sold shares of PAAS. AQR Capital Management LLC lifted its holdings in shares of Pan American Silver by 48.6% in the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company's stock worth $504,000 after acquiring an additional 6,391 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Pan American Silver by 574.9% in the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company's stock worth $504,000 after purchasing an additional 16,626 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Pan American Silver by 31.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company's stock valued at $38,728,000 after buying an additional 360,283 shares during the period. Empowered Funds LLC purchased a new position in Pan American Silver during the first quarter valued at $1,272,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company's stock valued at $48,000 after buying an additional 594 shares in the last quarter. Institutional investors own 55.43% of the company's stock.

Pan American Silver Company Profile

Pan American Silver Corp. NYSE: PAAS is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.

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