Scotiabank Issues Optimistic Estimate for PAAS Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Equities research analysts at Scotiabank raised their Q4 2026 EPS estimates for Pan American Silver in a research note issued on Tuesday, July 14th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings of $0.67 per share for the quarter, up from their previous forecast of $0.65. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Pan American Silver’s current full-year earnings is $4.31 per share. Scotiabank also issued estimates for Pan American Silver’s Q3 2027 earnings at $0.56 EPS, Q1 2028 earnings at $0.60 EPS, Q2 2028 earnings at $0.66 EPS, FY2028 earnings at $2.44 EPS, FY2029 earnings at $2.42 EPS and FY2030 earnings at $1.95 EPS.

A number of other equities research analysts have also issued reports on the company. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. Finally, Jefferies Financial Group decreased their target price on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, July 6th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Stock Down 3.6%

PAAS opened at $41.98 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. Pan American Silver has a fifty-two week low of $26.76 and a fifty-two week high of $69.99. The firm’s fifty day moving average is $50.16 and its 200 day moving average is $54.53. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 3.78 and a beta of 0.72.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 earnings per share.

Institutional Investors Weigh In On Pan American Silver

Large investors have recently bought and sold shares of the business. Fifth Third Bancorp raised its stake in Pan American Silver by 1,336.1% during the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 481 shares in the last quarter. Parallel Advisors LLC lifted its position in Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Pan American Silver in the 4th quarter worth $34,000. Laurel Wealth Advisors LLC purchased a new position in shares of Pan American Silver in the 4th quarter worth $41,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Pan American Silver in the 1st quarter worth about $44,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is currently 23.15%.

Key Stories Impacting Pan American Silver

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

• Positive Sentiment: Scotiabank raised several longer-term earnings forecasts for Pan American Silver, including FY2028, FY2029, and FY2030, and maintained an Outperform rating, which signals confidence in the company’s future earnings power. Pan American Silver stock page
• Positive Sentiment: Scotiabank also nudged higher its estimates for several specific future quarters, including Q4 2026, Q3 2027, Q1 2028, Q2 2028, suggesting improving expectations for earnings growth over time. Pan American Silver stock page
• Neutral Sentiment: These analyst changes still leave the company near a consensus full-year earnings estimate of $4.31 per share, so the market may view the revisions as incremental rather than transformative. Pan American Silver stock page
• Negative Sentiment: National Bank Financial cut earnings estimates for several periods, including FY2026, FY2027, and multiple 2027 quarters, which can weigh on sentiment by implying lower near-term profitability than previously expected. Pan American Silver stock page
• Negative Sentiment: The sharper reductions from National Bank Financial were especially notable for Q2 2027 and Q4 2027, reinforcing concerns that earnings momentum may be weaker in the nearer-term outlook. Pan American Silver stock page

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.