PAAS FY2024 EPS Decreased by National Bank Financial

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – National Bank Financial cut their FY2024 earnings per share (EPS) estimates for Pan American Silver in a report issued on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the basic materials company will post earnings of $0.76 per share for the year, down from their previous estimate of $0.84. The consensus estimate for Pan American Silver’s current full-year earnings is $0.79 per share. National Bank Financial also issued estimates for Pan American Silver’s Q4 2024 earnings at $0.33 EPS.

A number of other analysts have also issued reports on PAAS. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Royal Bank of Canada boosted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.92.

Pan American Silver Price Performance

Shares of PAAS opened at $24.32 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $22.04 and its two-hundred day moving average is $21.76. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $26.05.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Comprehensive Financial Planning Inc. PA bought a new stake in Pan American Silver in the fourth quarter valued at $27,000. Eastern Bank acquired a new stake in shares of Pan American Silver in the 3rd quarter worth about $28,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver in the 4th quarter valued at about $30,000. Wilmington Savings Fund Society FSB acquired a new position in Pan American Silver during the 3rd quarter valued at about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Pan American Silver in the 4th quarter worth about $32,000. 55.43% of the stock is currently owned by institutional investors.

About Pan American Silver

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.