Q3 2023 EPS Estimates for Pan American Silver Corp. (NYSE:PAAS) Lowered by Analyst

Posted by Defense World Staff on May 25th, 2023

Pan American Silver Corp. (NYSE:PAAS – Get Rating) (TSE:PAAS) – Investment analysts at Scotiabank dropped their Q3 2023 EPS estimates for shares of Pan American Silver in a research note issued to investors on Tuesday, May 23rd. Scotiabank analyst O. Habib now expects that the basic materials company will earn $0.06 per share for the quarter, down from their previous estimate of $0.13. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Pan American Silver’s current full-year earnings is $0.54 per share. Scotiabank also issued estimates for Pan American Silver’s Q4 2023 earnings at $0.13 EPS, Q1 2024 earnings at $0.22 EPS, Q2 2024 earnings at $0.22 EPS, Q3 2024 earnings at $0.22 EPS, Q4 2024 earnings at $0.16 EPS, FY2024 earnings at $0.83 EPS, Q1 2025 earnings at $0.14 EPS, FY2025 earnings at $0.59 EPS, FY2026 earnings at $0.86 EPS and FY2027 earnings at $1.02 EPS.

PAAS has been the subject of several other reports. National Bank Financial restated an “outperform spec overweight” rating on shares of Pan American Silver in a research note on Tuesday, February 28th. StockNews.com upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Finally, TD Securities lowered their target price on Pan American Silver from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, February 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Pan American Silver Trading Down 3.1 %

PAAS stock opened at $15.33 on Thursday. Pan American Silver has a 1-year low of $13.40 and a 1-year high of $24.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.11 and a quick ratio of 0.87. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of -8.03 and a beta of 1.21. The business has a 50 day simple moving average of $17.65 and a two-hundred day simple moving average of $16.96.

Pan American Silver (NYSE:PAAS – Get Rating) (TSE:PAAS) last posted its quarterly earnings results on Thursday, February 23rd. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Pan American Silver had a positive return on equity of 0.74% and a negative net margin of 22.82%. The business had revenue of $375.43 million during the quarter, compared to the consensus estimate of $409.65 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year.

Institutional Trading of Pan American Silver

A number of institutional investors have recently bought and sold shares of the stock. Prelude Capital Management LLC lifted its position in Pan American Silver by 1.6% in the first quarter. Prelude Capital Management LLC now owns 32,602 shares of the basic materials company’s stock worth $890,000 after buying an additional 524 shares during the last quarter. Northern Trust Corp lifted its position in Pan American Silver by 5.5% in the first quarter. Northern Trust Corp now owns 11,998 shares of the basic materials company’s stock worth $328,000 after buying an additional 623 shares during the last quarter. Wedbush Securities Inc. lifted its position in Pan American Silver by 6.3% in the fourth quarter. Wedbush Securities Inc. now owns 12,062 shares of the basic materials company’s stock worth $197,000 after buying an additional 716 shares during the last quarter. Confluence Investment Management LLC lifted its position in Pan American Silver by 2.7% in the first quarter. Confluence Investment Management LLC now owns 27,727 shares of the basic materials company’s stock worth $505,000 after buying an additional 742 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Pan American Silver by 3.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 29,328 shares of the basic materials company’s stock worth $479,000 after purchasing an additional 901 shares during the period. 44.11% of the stock is currently owned by institutional investors.

Pan American Silver Announces Dividend

The business also recently declared a None dividend, which was paid on Friday, May 12th. Investors of record on Friday, April 14th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 13th. This represents a yield of 2.2%. Pan American Silver’s dividend payout ratio is presently -27.23%.

About Pan American Silver

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Pan American Silver Corp. engages in the operation, development, and exploration of silver and gold producing properties and assets. It operates through the Silver and Gold segments. The company was founded by Ross J. Beaty and John H. Wright on March 17, 1979 and is headquartered in Vancouver, Canada.