FY2027 Earnings Estimate for PAAS Issued By Edison Inv. Res

Key Points

• Edison Investment Research raised its FY2027 EPS estimate for Pan American Silver to $4.24 from $4.10, above the current consensus estimate of $4.11.
• Analyst sentiment remains positive, with eight Buy ratings, two Holds and one Sell; the stock has a “Moderate Buy” consensus rating and an average price target of $70.43.
• Pan American Silver’s latest quarterly results missed expectations, but revenue rose 38.4% year over year. The company also increased its quarterly dividend to $0.184 per share, or $0.74 annualized.

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - Equities research analysts at Edison Inv. Res lifted their FY2027 EPS estimates for Pan American Silver in a research note issued to investors on Tuesday, August 18th. Edison Inv. Res analyst A. Litvin now forecasts that the basic materials company will post earnings of $4.24 per share for the year, up from their prior estimate of $4.10. The consensus estimate for Pan American Silver's current full-year earnings is $4.11 per share.

PAAS has been the topic of several other research reports. Scotiabank reiterated an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. BMO Capital Markets reissued a "market perform" rating on shares of Pan American Silver in a research note on Thursday, August 13th. Jefferies Financial Group reduced their price target on shares of Pan American Silver from $54.00 to $53.00 and set a "hold" rating on the stock in a research report on Monday, July 6th. Finally, TD Securities raised Pan American Silver from a "hold" rating to a "buy" rating and set a $72.00 target price for the company in a research note on Monday, May 11th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.43.

Pan American Silver Price Performance

NYSE:PAAS opened at $46.60 on Wednesday. Pan American Silver has a one year low of $30.59 and a one year high of $69.99. The stock has a market cap of $19.44 billion, a PE ratio of 14.08, a P/E/G ratio of 4.10 and a beta of 0.73. 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 50 day moving average price of $45.98 and a 200 day moving average price of $52.85.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released 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 business had revenue of $1.12 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 38.4% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be paid a dividend of $0.184 per share. This represents a $0.74 annualized dividend and a yield of 1.6%. 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 dividend payout ratio is currently 21.75%.

Hedge Funds Weigh In On Pan American Silver

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Pan American Silver in the second quarter valued at approximately $375,948,000. Norges Bank purchased a new stake in Pan American Silver during the 4th quarter worth approximately $303,611,000. FIL Ltd increased its stake in Pan American Silver by 154.7% during the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company's stock worth $378,872,000 after buying an additional 4,438,478 shares during the period. Capital International Investors purchased a new stake in Pan American Silver during the 4th quarter worth approximately $215,484,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Pan American Silver during the 2nd quarter worth approximately $145,312,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

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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