Q2 EPS Estimates for PAAS Reduced by National Bank Financial

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Stock analysts at National Bank Financial lowered their Q2 2026 earnings per share (EPS) estimates for Pan American Silver in a research note issued to investors on Monday, July 13th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings per share of $0.89 for the quarter, down from their prior estimate of $1.33. The consensus estimate for Pan American Silver’s current full-year earnings is $4.02 per share. National Bank Financial also issued estimates for Pan American Silver’s Q3 2026 earnings at $0.89 EPS, Q4 2026 earnings at $1.04 EPS, FY2026 earnings at $3.91 EPS, Q1 2027 earnings at $1.01 EPS, Q2 2027 earnings at $1.02 EPS, Q3 2027 earnings at $1.03 EPS, Q4 2027 earnings at $1.03 EPS and FY2027 earnings at $4.08 EPS.

Several other research analysts have also recently weighed in on the stock. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Monday, May 11th. Jefferies Financial Group decreased their price objective on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a report on Monday, July 6th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and raised their target price for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Finally, Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.43.

Pan American Silver Stock Performance

Shares of PAAS opened at $41.80 on Friday. Pan American Silver has a 52-week low of $26.76 and a 52-week high of $69.99. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 3.79 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. The stock’s 50-day simple moving average is $49.81 and its 200 day simple moving average is $54.44.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business’s revenue was up 49.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. Pan American Silver’s payout ratio is presently 23.15%.

Institutional Trading of Pan American Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its position in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares during the period. Fifth Third Bancorp lifted its holdings in Pan American Silver by 1,336.1% in the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 481 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Pan American Silver in the 4th quarter worth approximately $34,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver in the 4th quarter worth approximately $41,000. Finally, Golden State Wealth Management LLC boosted its stake in Pan American Silver by 173.3% in the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 520 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

Key Pan American Silver News

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

• Positive Sentiment: Scotiabank raised its earnings estimates across several periods, including Q4 2026, Q3 2027, Q1 2028, Q2 2028, FY2028, FY2029 and FY2030, while reiterating an Outperform rating. This suggests confidence in Pan American Silver’s longer-term earnings power.
• Positive Sentiment: Scotiabank also increased its FY2028, FY2029 and FY2030 EPS forecasts, reinforcing a constructive long-term view on the company.
• Neutral Sentiment: Pan American Silver recently reported strong quarterly results, beating EPS and revenue expectations and posting significant year-over-year revenue growth. That prior earnings strength still supports the stock’s fundamental backdrop.
• Negative Sentiment: National Bank Financial cut multiple 2026 and 2027 EPS estimates, including FY2026 and FY2027, which may have raised concerns about near- to medium-term profitability.
• Negative Sentiment: The bank also lowered its FY2028, FY2029 and FY2030 earnings estimates, signaling a more cautious view on future earnings versus earlier expectations.
• Negative Sentiment: Several of National Bank Financial’s quarterly cuts were substantial, especially for Q2 2026, Q3 2026, Q1 2027, Q2 2027 and Q4 2027, which could contribute to selling pressure on the shares.

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.