Q2 EPS Forecast for Pan American Silver Increased by Analyst

Key Points

• Scotiabank raised its Q2 2026 EPS forecast for Pan American Silver to $0.69 from $0.64 and kept an Outperform rating with a $64 price target. The move reflects a more bullish outlook on the miner’s near-term earnings.
• The company beat Q1 expectations, reporting EPS of $1.09 versus the $1.06 consensus, while revenue rose 49.3% year over year to $1.15 billion. Net margin was 31.66% and return on equity was 19.50%.
• Analyst sentiment remains constructive overall, with eight Buy ratings and two Hold ratings and a consensus price target of $68. Pan American Silver also announced a quarterly dividend of $0.18 per share, payable June 1, for an annualized yield of 1.2%.

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - Investment analysts at Scotiabank boosted their Q2 2026 earnings estimates for shares of Pan American Silver in a report issued on Monday, May 11th. Scotiabank analyst O. Habib now forecasts that the basic materials company will earn $0.69 per share for the quarter, up from their prior estimate of $0.64. 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 $4.50 per share. Scotiabank also issued estimates for Pan American Silver's Q3 2026 earnings at $0.69 EPS, Q4 2026 earnings at $0.65 EPS, FY2026 earnings at $3.09 EPS, Q2 2027 earnings at $0.55 EPS, FY2027 earnings at $2.23 EPS, Q1 2028 earnings at $0.58 EPS, FY2028 earnings at $2.32 EPS, FY2029 earnings at $2.20 EPS and FY2030 earnings at $1.70 EPS.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the company posted $0.42 EPS. The company's revenue was up 49.3% compared to the same quarter last year.

A number of other analysts have also recently commented on the company. Zacks Research cut Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 22nd. Wall Street Zen cut Pan American Silver from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $75.00 price target on shares of Pan American Silver in a research note on Tuesday, April 28th. TD Cowen raised Pan American Silver from a "hold" rating to a "buy" rating and upped their price target for the company from $67.00 to $72.00 in a research note on Tuesday. Finally, TD Securities raised Pan American Silver from a "hold" rating to a "buy" rating and set a $72.00 price target for the company in a research note on Monday. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $68.00.

Pan American Silver Stock Performance

Pan American Silver stock opened at $61.13 on Friday. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The company has a market cap of $25.76 billion, a PE ratio of 19.66, a PEG ratio of 0.52 and a beta of 0.65. The company's 50-day moving average is $56.09 and its two-hundred day moving average is $52.57. Pan American Silver has a 1 year low of $22.17 and a 1 year high of $69.99.

Institutional Trading of Pan American Silver

Large investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its stake in Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company's stock worth $25,000 after purchasing an additional 387 shares in the last quarter. Fifth Third Bancorp increased its stake in Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company's stock worth $28,000 after purchasing an additional 481 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Pan American Silver during the 4th quarter worth approximately $34,000. Rothschild Investment LLC bought a new stake in Pan American Silver during the 3rd quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC increased its stake in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company's stock worth $40,000 after purchasing an additional 497 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th. Pan American Silver's dividend payout ratio is presently 23.15%.

Trending Headlines about Pan American Silver

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

• Positive Sentiment: Scotiabank kept an Outperform rating on Pan American Silver NYSE: PAAS and raised several earnings forecasts, reinforcing a bullish outlook. Pan American Silver analyst coverage
• Positive Sentiment: National Bank Financial lifted estimates across multiple quarters and years, including materially higher FY2027, FY2028 and FY2030 EPS projections for Pan American Silver. Pan American Silver analyst coverage
• Positive Sentiment: Edison Investment Research increased FY2026 and FY2027 earnings estimates, adding to the broader sentiment that profitability could improve more than previously expected. Pan American Silver analyst coverage
• Negative Sentiment: Recent commentary also pointed to pressure from softer silver prices and operational-risk headlines in Mexico, which can weigh on miner sentiment even when analyst outlooks improve. Silver price and Mexico risk article

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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