Pan American Silver Corp. to Post FY2024 Earnings of $0.22 Per Share, Edison Inv. Res Forecasts (NYSE:PAAS)

Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) – Edison Inv. Res decreased their FY2024 earnings per share (EPS) estimates for shares of Pan American Silver in a report released on Wednesday, August 14th. Edison Inv. Res analyst A. Litvin now anticipates that the basic materials company will post earnings per share of $0.22 for the year, down from their previous forecast of $0.58. The consensus estimate for Pan American Silver’s current full-year earnings is $0.68 per share.

Several other brokerages have also issued reports on PAAS. CIBC lifted their target price on shares of Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. StockNews.com upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. Scotiabank upped their price objective on Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 16th. Jefferies Financial Group raised their price objective on Pan American Silver from $19.00 to $22.00 and gave the company a “hold” rating in a report on Friday, July 12th. Finally, BMO Capital Markets upped their target price on Pan American Silver from $22.00 to $24.00 in a research note on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.42.

View Our Latest Stock Report on Pan American Silver

Pan American Silver Stock Performance

Shares of PAAS opened at $20.38 on Friday. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $21.03 and a 200-day moving average price of $18.23. The company has a market cap of $7.40 billion, a PE ratio of -44.30 and a beta of 1.31. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $24.27.

Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). The business had revenue of $686.30 million for the quarter, compared to the consensus estimate of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. Pan American Silver’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 EPS.

Institutional Trading of Pan American Silver

A number of institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in Pan American Silver by 11.8% during the 4th quarter. Van ECK Associates Corp now owns 45,833,375 shares of the basic materials company’s stock valued at $748,460,000 after buying an additional 4,842,547 shares during the period. Norges Bank purchased a new stake in shares of Pan American Silver during the fourth quarter worth about $63,066,000. Tidal Investments LLC grew its stake in shares of Pan American Silver by 15,618.3% in the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock worth $57,340,000 after purchasing an additional 3,779,309 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in Pan American Silver during the 2nd quarter valued at about $38,116,000. Finally, Bank of New York Mellon Corp raised its position in Pan American Silver by 366.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,601,137 shares of the basic materials company’s stock valued at $31,831,000 after purchasing an additional 1,258,205 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. Pan American Silver’s dividend payout ratio (DPR) is currently -86.96%.

About Pan American Silver

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Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.