Q4 EPS Forecast for Pan American Silver Boosted by Analyst

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Equities researchers at Scotiabank boosted their Q4 2026 earnings estimates for shares of Pan American Silver in a research report issued on Tuesday, July 14th. Scotiabank analyst O. Habib now expects that the basic materials company will earn $0.67 per share for the quarter, up from their prior estimate of $0.65. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Pan American Silver’s current full-year earnings is $4.02 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.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly 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. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm earned $0.42 EPS. The firm’s quarterly revenue was up 49.3% compared to the same quarter last year.

A number of other equities analysts have also recently weighed in on PAAS. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and upped their price target for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. Wall Street Zen cut shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Bank of America decreased their target price on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Monday, May 11th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Trading Down 0.4%

Shares of PAAS opened at $41.80 on Friday. Pan American Silver has a 12 month low of $26.76 and a 12 month high of $69.99. The stock’s 50-day moving average is $49.81 and its two-hundred day moving average is $54.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The stock has a market cap of $17.43 billion, a PE ratio of 13.44, a P/E/G ratio of 3.79 and a beta of 0.72.

Institutional Trading of Pan American Silver

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock worth $905,513,000 after purchasing an additional 274,168 shares in the last quarter. Invesco Ltd. raised its stake in Pan American Silver by 9.8% during the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after buying an additional 882,135 shares in the last quarter. FIL Ltd raised its stake in Pan American Silver by 154.7% during the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock valued at $378,872,000 after buying an additional 4,438,478 shares in the last quarter. Norges Bank bought a new position in Pan American Silver during the 4th quarter worth approximately $303,611,000. Finally, Capital International Investors bought a new position in Pan American Silver during the 4th quarter worth approximately $215,484,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. Pan American Silver’s dividend payout ratio (DPR) is presently 23.15%.

Key Stories Impacting Pan American Silver

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.

Pan American Silver Company Profile

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.