Q1 EPS Forecast for Pan American Silver Lowered by Analyst

Key Points

• Scotiabank cut Q1 2026 EPS for Pan American Silver from $0.83 to $0.53 and slashed FY2026 EPS from $3.00 to $1.97, while retaining an "Outperform" rating and a $64 price target, signaling weaker near‑term earnings expectations despite maintained upside.
• Pan American Silver recently beat quarterly estimates (reported $1.11 EPS vs. $0.90 expected) with revenue up 44.7%, raised its quarterly dividend to $0.18 (annualized $0.72, ~1.3% yield), trades in the mid‑$50s with a market cap around $24.18B, and carries a consensus "Moderate Buy" price target of $56.60.

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - Scotiabank cut their Q1 2026 EPS estimates for Pan American Silver in a research note issued to investors on Monday, April 13th. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings of $0.53 per share for the quarter, down from their previous forecast of $0.83. Scotiabank has a "Outperform" rating and a $64.00 price objective on the stock. The consensus estimate for Pan American Silver's current full-year earnings is $1.26 per share. Scotiabank also issued estimates for Pan American Silver's Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.50 EPS, Q4 2026 earnings at $0.46 EPS, FY2026 earnings at $1.97 EPS, Q1 2028 earnings at $0.56 EPS, FY2028 earnings at $2.27 EPS and FY2029 earnings at $2.16 EPS.

PAAS has been the subject of several other research reports. Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Sunday, February 22nd. Zacks Research upgraded shares of Pan American Silver from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 24th. Weiss Ratings restated a "buy (b)" rating on shares of Pan American Silver in a research report on Monday, December 29th. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group lowered their price target on shares of Pan American Silver from $58.00 to $54.00 and set a "hold" rating for the company in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Pan American Silver presently has an average rating of "Moderate Buy" and a consensus price target of $56.60.

Pan American Silver Stock Down 1.3%

PAAS stock opened at $57.38 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. Pan American Silver has a 1-year low of $22.08 and a 1-year high of $69.99. The firm has a fifty day moving average price of $57.53 and a two-hundred day moving average price of $50.05. The firm has a market cap of $24.18 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 0.48 and a beta of 0.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm's revenue for the quarter was up 44.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Pan American Silver by 176.9% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company's stock valued at $4,445,000 after buying an additional 73,326 shares during the period. J. Safra Sarasin Holding AG raised its position in Pan American Silver by 117.9% in the third quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company's stock worth $1,702,000 after acquiring an additional 23,780 shares in the last quarter. Hollencrest Capital Management raised its position in Pan American Silver by 214.3% in the third quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company's stock worth $4,711,000 after acquiring an additional 82,932 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in Pan American Silver by 363.2% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 151,801 shares of the basic materials company's stock valued at $5,879,000 after acquiring an additional 119,028 shares during the last quarter. Finally, Ninety One UK Ltd lifted its holdings in Pan American Silver by 3.1% in the 3rd quarter. Ninety One UK Ltd now owns 2,155,252 shares of the basic materials company's stock valued at $83,473,000 after acquiring an additional 65,592 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Pan American Silver's previous quarterly dividend of $0.14. Pan American Silver's dividend payout ratio (DPR) is currently 28.80%.

More Pan American Silver News

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

• Positive Sentiment: Scotiabank retained an "Outperform" rating and a $64.00 price target — a vote of confidence that supports upside relative to the current share price. Scotiabank coverage summary
• Neutral Sentiment: Coverage/analysis notes Pan American sharply cut silver AISC in 2025 (positive for margins) but also flags rising mine costs and a mixed asset outlook that could limit how much of that cost momentum is sustainable into 2026. This is received as mixed by investors. Can Pan American Silver Sustain Its Strong Silver AISC Momentum?
• Negative Sentiment: Scotiabank slashed FY2026 EPS dramatically — from $3.00 to $1.97 — a sizable downgrade that reduces near‑term earnings expectations and is likely weighing on the stock. Scotiabank coverage summary
• Negative Sentiment: Multiple quarterly EPS cuts for 2026 (examples: Q1 cut ~0.83→0.53, Q2 ~0.78→0.48, Q3 ~0.73→0.50, Q4 ~0.66→0.46) point to weaker near‑term profitability than previously modeled — increases downside risk to estimates and sentiment. Scotiabank coverage summary
• Negative Sentiment: Scotiabank also trimmed FY2027–FY2029/2030 and several 2027–2028 quarter forecasts (small to moderate reductions), signaling the bank now models a weaker medium‑term earnings trajectory than before. That likely tempers investor enthusiasm despite the maintained target. Scotiabank coverage summary

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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