Scotiabank Research Analysts Cut Earnings Estimates for PAAS

Key Points

• Scotiabank lowered Pan American Silver’s Q1 2027 EPS estimate to $0.67 from $0.68, while maintaining an “Outperform” rating. The firm also projects $2.29 EPS for FY2028, $2.06 for FY2029 and $1.70 for FY2030.
• Analyst sentiment remains generally favorable, with seven Buy ratings and three Hold ratings. PAAS has a “Moderate Buy” consensus rating and an average price target of $67.71.
• Pan American Silver’s latest quarterly results missed expectations, reporting $0.73 EPS versus the $0.84 consensus and revenue of $1.12 billion versus $1.16 billion expected, despite 38.4% year-over-year revenue growth.

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - Scotiabank decreased their Q1 2027 EPS estimates for shares of Pan American Silver in a report issued on Monday, September 21st. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings of $0.67 per share for the quarter, down from their prior estimate of $0.68. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for Pan American Silver's current full-year earnings is $3.79 per share. Scotiabank also issued estimates for Pan American Silver's Q1 2028 earnings at $0.58 EPS, Q2 2028 earnings at $0.58 EPS, FY2028 earnings at $2.29 EPS, FY2029 earnings at $2.06 EPS and FY2030 earnings at $1.70 EPS.

PAAS has been the subject of several other research reports. Zacks Research raised Pan American Silver from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 18th. Royal Bank Of Canada dropped their price target on Pan American Silver from $65.00 to $56.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 16th. Weiss Ratings cut Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 16th. Jefferies Financial Group reduced their price target on Pan American Silver from $54.00 to $53.00 and set a "hold" rating on the stock in a research note on Monday, July 6th. Finally, Wall Street Zen downgraded Pan American Silver from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $67.71.

Pan American Silver Stock Performance

Pan American Silver stock opened at $45.45 on Thursday. The stock's 50 day simple moving average is $48.99 and its two-hundred day simple moving average is $50.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. The stock has a market cap of $18.81 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 4.57 and a beta of 0.77. Pan American Silver has a fifty-two week low of $33.08 and a fifty-two week high of $69.99.

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

Institutional Trading of Pan American Silver

A number of hedge funds have recently made changes to their positions in PAAS. NFJ Investment Group LLC bought a new position in Pan American Silver during the 2nd quarter valued at approximately $25,000. Fifth Third Bancorp boosted its holdings in Pan American Silver by 1,336.1% in the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company's stock worth $28,000 after acquiring an additional 481 shares in the last quarter. Danske Bank A S bought a new stake in Pan American Silver in the second quarter worth $30,000. Paladin Partners LLC purchased a new stake in shares of Pan American Silver in the second quarter worth $40,000. Finally, Archer Investment Corp purchased a new stake in shares of Pan American Silver in the second quarter worth $43,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were paid a dividend of C$0.18 per share. 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 1.6%. The ex-dividend date of this dividend was Monday, August 24th. Pan American Silver's payout ratio is 22.36%.

Pan American Silver News Summary

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

• Positive Sentiment: National Bank Financial raised its longer-term outlook. The firm increased its FY2027 EPS forecast to $4.31 from $4.15 and its FY2028 estimate to $6.65 from $6.45. It also lifted estimates for Q1 2027, Q2 2027, Q3 2027, Q4 2027 and Q2 2028, signaling stronger expected profitability in future periods.
• Positive Sentiment: Scotiabank raised its near-term forecasts and maintained an “Outperform” rating. The bank increased its Q3 2026 EPS estimate to $0.71 from $0.67, Q4 2026 to $0.78 from $0.74, and FY2026 to $3.27 from $3.21. These revisions suggest improved expectations for upcoming results.
• Neutral Sentiment: Pan American Silver presented at Mining Forum Americas 2026. The transcript provides an opportunity for investors to assess management’s views on operations, metals prices and growth plans, but the supplied item does not identify a specific new announcement or financial target. Pan American Silver Mining Forum Americas 2026 transcript
• Negative Sentiment: National Bank Financial lowered its Q3 2026 EPS forecast to $0.82 from $0.87, indicating some near-term earnings pressure. This is partly offset by the firm’s higher estimates for subsequent quarters and fiscal years.
• Negative Sentiment: Recent reported results missed expectations. Pan American Silver previously reported quarterly EPS of $0.73 versus the $0.84 analyst consensus, while revenue also came in below estimates, despite 38.4% year-over-year revenue growth.

Pan American Silver Company Profile

Pan American Silver Corp. is a precious metals mining company focused on the exploration, development, and operation of silver and gold mines. The company produces silver, gold, zinc, lead, and copper, with silver and gold representing its principal products.

Founded in 1994, Pan American Silver is headquartered in Vancouver, British Columbia, and has developed a portfolio of mining operations and projects across the Americas. Its activities have included operations in Canada, Mexico, Peru, Bolivia, Argentina, Brazil, and Chile, although its operating portfolio can change as assets are developed, acquired, or divested.

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