Pan American Silver (NYSE:PAAS) Downgraded by Zacks Research to "Hold"

Key Points

• Zacks Research downgraded Pan American Silver from "strong-buy" to "hold," though the Street consensus remains a "Moderate Buy" (five Buy, three Hold) with a $56.60 average target price.
• The company reported a strong quarter—EPS of $1.11 versus $0.90 expected and revenue of $1.18B (+44.7% YoY)—and carries a solid balance sheet with significant institutional ownership (~55%).
• La Colorada Skarn and a revised PEA are key bullish catalysts that could materially lower costs and boost production, but recent EPS cuts from some analysts may weigh on near-term sentiment.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings restated a "buy (b)" rating on shares of Pan American Silver in a research note on Monday, December 29th. Jefferies Financial Group decreased their price target on Pan American Silver from $58.00 to $54.00 and set a "hold" rating on the stock in a research note on Wednesday, January 21st. Scotiabank boosted their price target on Pan American Silver from $47.00 to $64.00 and gave the stock an "outperform" rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce set a $88.00 price objective on Pan American Silver and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen lowered Pan American Silver from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 18th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.60.

Pan American Silver Trading Down 2.2%

Shares of Pan American Silver stock opened at $55.19 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11. Pan American Silver has a 12-month low of $22.08 and a 12-month high of $69.99. The company has a market capitalization of $23.26 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 0.48 and a beta of 0.75. The firm's 50-day moving average price is $57.56 and its two-hundred day moving average price is $50.72.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.21. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The firm's quarterly revenue was up 44.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, analysts forecast that Pan American Silver will post 4.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Veracity Capital LLC grew its position in Pan American Silver by 1.9% during the 4th quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company's stock worth $511,000 after acquiring an additional 185 shares during the last quarter. RFG Advisory LLC increased its holdings in Pan American Silver by 2.5% in the 1st quarter. RFG Advisory LLC now owns 7,731 shares of the basic materials company's stock worth $422,000 after purchasing an additional 191 shares in the last quarter. Grand Central Investment Group raised its position in Pan American Silver by 0.5% in the first quarter. Grand Central Investment Group now owns 44,801 shares of the basic materials company's stock valued at $2,447,000 after purchasing an additional 211 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Pan American Silver by 1.5% during the fourth quarter. Metis Global Partners LLC now owns 16,646 shares of the basic materials company's stock valued at $863,000 after purchasing an additional 239 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its stake in shares of Pan American Silver by 7.8% during the first quarter. North Star Investment Management Corp. now owns 3,451 shares of the basic materials company's stock valued at $189,000 after purchasing an additional 251 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Key Pan American Silver News

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

• Positive Sentiment: La Colorada Skarn expansion and company transformation — Seeking Alpha highlights PAAS’s evolution into a diversified, multi‑jurisdictional precious‑metals producer with very large silver reserves, projected industry‑leading scale and negative all‑in‑sustaining costs at La Colorada Skarn, and a strong balance sheet (c.$1.3B cash, >$2B liquidity). That thesis supports higher free cash flow and leverage to silver prices. Pan American Silver: Still Room To Run With Silver Near $80
• Positive Sentiment: Revised PEA for La Colorada Skarn — Company/market coverage reports that a revised Preliminary Economic Assessment for La Colorada Skarn presents it as a potential world‑leading, low‑cost silver mine, materially improving long‑term production and cost outlook. This is a key catalyst for medium/long‑term valuation if the study's metrics hold. Pan American Silver Rethinks Long Term Mix With La Colorada Skarn PEA
• Neutral Sentiment: Recent market moves — Market writeups note the shares recently outperformed the market and closed modestly higher (reported +1.53% in those summaries), reflecting investor appetite on the project/balance‑sheet news. Pan American Silver (PAAS) Exceeds Market Returns: Some Facts to Consider Zacks: Pan American Silver Exceeds Market Returns
• Negative Sentiment: Broad analyst EPS cuts from National Bank Financial — A series of notes from National Bank Financial reduced quarterly and multi‑year EPS forecasts (multiple cuts across 2026–2030 estimates), trimming near‑term earnings expectations. That can pressure multiple/near‑term sentiment even if long‑term project optionality remains strong. MarketBeat: Pan American Silver analyst coverage and estimate changes

About Pan American Silver

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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