National Bank Financial Lowers FY2024 EPS Forecast for Pan American Silver

On February 10, 2025, research analysts from National Bank Financial revised their earnings estimates for Pan American Silver Corp. (NYSE:PAAS, TSE:PAAS) for the fiscal year 2024. The new forecast predicts that the company will earn $0.76 per share, a decrease from the previous estimate of $0.84 per share. This new projection is now slightly behind the consensus estimate of $0.79 per share for the company’s full-year earnings.

In addition to the annual estimate, National Bank Financial provided an earnings forecast for the fourth quarter of 2024, estimating earnings of $0.33 per share.

Other Analysts on Pan American Silver

Other brokerage firms have also recently shared their insights on Pan American Silver. On December 1, StockNews.com downgraded the company's shares from a “buy” rating to a “hold” rating. Meanwhile, the Royal Bank of Canada has increased its price target for Pan American Silver shares, raising it from $28.00 to $30.00 and maintaining an “outperform” rating.

Currently, out of the analysts following the stock, two have issued hold ratings while three others have given buy ratings. According to MarketBeat.com, the overall consensus rating for the stock is a “Moderate Buy”, with an average price target set at $25.92.

Pan American Silver Stock Performance

On the trading day following the report, shares of Pan American Silver opened at $25.23. Over the last year, the stock has seen a low of $12.16 and a high of $26.05. The company holds a market capitalization of approximately $9.16 billion, a price-to-earnings ratio of -148.40, and a beta of 1.28. As for moving averages, it currently has a 50-day simple moving average of $22.09 and a 200-day simple moving average of $21.79. In terms of financial ratios, the debt-to-equity ratio stands at 0.16, with a quick ratio of 0.96 and a current ratio of 2.06.

Institutional Activity

Recently, several hedge funds have adjusted their holdings in Pan American Silver. AQR Capital Management LLC acquired a new position in the company during the second quarter, valued around $238,000. Creative Planning increased its stake by 10.2% in the third quarter, owning 33,004 shares valued at $689,000 after adding 3,051 shares. Kapitalo Investimentos Ltda made a significant increase of 237.2% in its position, now holding 128,872 shares worth $2,690,000 after acquiring an additional 90,650 shares. Other notable changes include a 33.4% increase from Stratos Wealth Advisors LLC and a 10.4% increase from Raymond James & Associates.

Currently, approximately 55.43% of Pan American Silver's stock is owned by institutional investors and hedge funds.

Company Overview

Pan American Silver Corp. is involved in exploring, developing, extracting, processing, refining, and reclaiming silver, gold, zinc, lead, and copper from its mines located in various countries including Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was previously known as Pan American Minerals Corp. before changing its name to Pan American Silver Corp.

Earnings, Forecast, Analysis