Scotiabank Boosts Earnings Estimates for Pan American Silver

Key Points

• Scotiabank nudged its FY2030 EPS estimate for Pan American Silver to $1.69 (from $1.68) and kept an "Outperform" rating with a $64 price target.
• Pan American beat quarterly expectations (EPS $1.11 vs. $0.90; revenue $1.18B vs. $1.11B) and raised its quarterly dividend to $0.18 ($0.72 annual, ~1.3% yield).
• Analyst views are mixed—MarketBeat shows a consensus "Moderate Buy" with a $56.60 target—while the revised La Colorada Skarn PEA is a key long‑term catalyst and some firms (e.g., National Bank Financial) have cut multi‑year EPS forecasts, posing near‑term risks.

Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS - Stock analysts at Scotiabank increased their FY2030 earnings per share estimates for Pan American Silver in a research report issued on Tuesday, April 21st. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings per share of $1.69 for the year, up from their previous forecast of $1.68. Scotiabank has a "Outperform" rating and a $64.00 price target on the stock. The consensus estimate for Pan American Silver's current full-year earnings is $4.29 per share.

Other equities analysts have also issued reports about the stock. Zacks Research lowered shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Wall Street Zen lowered shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 18th. Jefferies Financial Group lowered their price target on Pan American Silver from $58.00 to $54.00 and set a "hold" rating on the stock in a research report on Wednesday, January 21st. Weiss Ratings reiterated a "buy (b)" rating on shares of Pan American Silver in a research note on Monday, December 29th. Finally, Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the stock an "outperform" rating in a report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to 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 Trading Down 2.2%

Shares of PAAS opened at $55.19 on Friday. Pan American Silver has a 52-week low of $22.08 and a 52-week high of $69.99. The stock has a fifty day moving average price of $57.56 and a two-hundred day moving average price of $50.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69. The company has a market cap of $23.26 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 0.48 and a beta of 0.75.

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

Institutional Trading of Pan American Silver

Several institutional investors have recently modified their holdings of PAAS. Knights of Columbus Asset Advisors LLC increased its position in Pan American Silver by 176.9% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company's stock worth $4,445,000 after purchasing an additional 73,326 shares during the last quarter. J. Safra Sarasin Holding AG increased its position in Pan American Silver by 117.9% during 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 purchasing an additional 23,780 shares during the last quarter. Hollencrest Capital Management increased its position in Pan American Silver by 214.3% during the third quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company's stock worth $4,711,000 after purchasing an additional 82,932 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its position in Pan American Silver by 363.2% during the third quarter. Campbell & CO Investment Adviser LLC now owns 151,801 shares of the basic materials company's stock worth $5,879,000 after purchasing an additional 119,028 shares during the last quarter. Finally, Ninety One UK Ltd increased its position in Pan American Silver by 3.1% during the third quarter. Ninety One UK Ltd now owns 2,155,252 shares of the basic materials company's stock worth $83,473,000 after purchasing 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 company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. This is an increase from Pan American Silver's previous quarterly dividend of $0.14. Pan American Silver's payout ratio is presently 28.80%.

Key Stories Impacting Pan American Silver

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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