Research Analysts Offer Predictions for PAAS Q3 Earnings

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Stock analysts at National Bank Financial decreased their Q3 2026 EPS estimates for shares of Pan American Silver in a note issued to investors on Sunday, September 20th. National Bank Financial analyst D. Demarco now expects that the basic materials company will earn $0.82 per share for the quarter, down from their prior forecast of $0.87. The consensus estimate for Pan American Silver’s current full-year earnings is $3.81 per share. National Bank Financial also issued estimates for Pan American Silver’s Q1 2027 earnings at $1.06 EPS, Q2 2027 earnings at $1.08 EPS, Q3 2027 earnings at $1.08 EPS, Q4 2027 earnings at $1.08 EPS, FY2027 earnings at $4.31 EPS, Q2 2028 earnings at $1.65 EPS and FY2028 earnings at $6.65 EPS.

Several other research analysts have also weighed in on the company. Wall Street Zen lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Bank of America cut their price objective on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group decreased their target price on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, July 6th. Weiss Ratings downgraded shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Finally, Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.71.

Pan American Silver Stock Performance

Shares of NYSE PAAS opened at $44.94 on Wednesday. The stock has a 50 day moving average price of $49.01 and a 200 day moving average price of $50.64. Pan American Silver has a 52 week low of $33.08 and a 52 week high of $69.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. The stock has a market capitalization of $18.60 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 4.47 and a beta of 0.75.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted $0.43 EPS. Pan American Silver’s revenue was up 38.4% compared to the same quarter last year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were given a dividend of C$0.18 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.6%. This is a positive change from Pan American Silver’s previous quarterly dividend of C$0.18. The ex-dividend date of this dividend was Monday, August 24th. Pan American Silver’s dividend payout ratio (DPR) is presently 22.36%.

Hedge Funds Weigh In On Pan American Silver

Several large investors have recently modified their holdings of the stock. Fifth Third Bancorp increased its stake in shares of 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 worth $28,000 after purchasing an additional 481 shares during the period. NFJ Investment Group LLC bought a new position in Pan American Silver during the 2nd quarter worth $25,000. Danske Bank A S bought a new position in Pan American Silver during the 2nd quarter worth $30,000. Harbor Investment Advisory LLC bought a new position in Pan American Silver during the 1st quarter worth $44,000. Finally, Paladin Partners LLC acquired a new stake in shares of Pan American Silver during the second quarter worth $40,000. 55.43% of the stock is owned by institutional investors.

Key Headlines Impacting Pan American Silver

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

• Positive Sentiment: National Bank Financial raised its FY2027 EPS forecast to $4.31 from $4.15 and increased its FY2028 estimate to $6.65 from $6.45. It also lifted several quarterly forecasts, including Q1 2027 to $1.06 and Q2-Q4 2027 to $1.08 each, suggesting stronger expected earnings momentum. Pan American Silver analyst estimates
• Positive Sentiment: Scotiabank increased its Q3 2026 EPS estimate to $0.71 from $0.67 and its Q4 2026 forecast to $0.78 from $0.74. The bank maintained its “Outperform” rating, indicating it remains constructive despite other estimate changes. Pan American Silver analyst estimates
• Neutral Sentiment: Analyst views are divided: National Bank Financial lowered its Q3 2026 estimate to $0.82 from $0.87, while Scotiabank raised its full-year 2026 forecast to $3.27 from $3.21. The differing outlooks may contribute to near-term volatility.
• Negative Sentiment: Scotiabank cut its Q1 2027 and Q2 2028 EPS estimates to $0.67 and $0.58, respectively, and reduced FY2028, FY2029 and FY2030 forecasts to $2.29, $2.06 and $1.70. Those figures were lowered from $2.73, $2.68 and $2.18 for the respective annual periods, signaling weaker expected long-term profitability and likely weighing on the shares.

About Pan American Silver

Pan American Silver Corp. is a precious metals mining company focused on the exploration, development, and operation of silver and gold mines. The company produces silver, gold, zinc, lead, and copper, with silver and gold representing its principal products.

Founded in 1994, Pan American Silver is headquartered in Vancouver, British Columbia, and has developed a portfolio of mining operations and projects across the Americas. Its activities have included operations in Canada, Mexico, Peru, Bolivia, Argentina, Brazil, and Chile, although its operating portfolio can change as assets are developed, acquired, or divested.