Research Analysts Offer Predictions for PAAS Q3 Earnings

Key Points

• Q3 2026 earnings estimates were lowered: National Bank Financial cut its EPS forecast for Pan American Silver to $0.68 from $0.82, while the full-year consensus stands at $3.38 per share.
• Analyst sentiment remains positive overall: Seven analysts rate PAAS a Buy and three rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $67.71, despite several recent target-price reductions.
• Recent results fell short of expectations: Pan American Silver reported quarterly EPS of $0.73 versus the $0.84 consensus and revenue of $1.12 billion, although revenue rose 38.4% year over year; institutional investors own 55.43% of the stock.

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - National Bank Financial cut their Q3 2026 earnings 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 post earnings per share of $0.68 for the quarter, down from their previous forecast of $0.82. The consensus estimate for Pan American Silver's current full-year earnings is $3.38 per share. National Bank Financial also issued estimates for Pan American Silver's FY2030 earnings at $5.35 EPS.

Several other analysts also recently weighed in on the company. Zacks Research upgraded Pan American Silver from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Bank of America lowered their price objective on Pan American Silver from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Wall Street Zen downgraded Pan American Silver from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Royal Bank Of Canada cut their target price on Pan American Silver from $65.00 to $56.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 16th. Finally, Scotiabank restated an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently 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 $43.61 on Thursday. The company has a 50 day simple moving average of $48.45 and a two-hundred day simple moving average of $49.92. Pan American Silver has a fifty-two week low of $33.08 and a fifty-two week high of $69.99. The company has a market capitalization of $18.05 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 4.91 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 (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%. The company's revenue was up 38.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS.

Hedge Funds Weigh In On Pan American Silver

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Pan American Silver during the 2nd quarter valued at $375,948,000. The Manufacturers Life Insurance Company purchased a new position in shares of Pan American Silver in the second quarter worth $145,312,000. Canada Pension Plan Investment Board purchased a new position in shares of Pan American Silver in the second quarter worth $138,282,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Pan American Silver during the second quarter valued at $130,636,000. Finally, Ninety One UK Ltd lifted its holdings in shares of Pan American Silver by 21.5% during the third quarter. Ninety One UK Ltd now owns 2,727,961 shares of the basic materials company's stock valued at $124,150,000 after purchasing an additional 481,873 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were issued a dividend of C$0.18 per share. The ex-dividend date was Monday, August 24th. This is a positive change from Pan American Silver's previous quarterly dividend of C$0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.7%. Pan American Silver's dividend payout ratio is currently 22.36%.

Pan American Silver Company Profile

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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