Scotiabank Cuts Earnings Estimates for Pan American Silver

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Equities researchers at Scotiabank dropped their Q2 2026 earnings per share (EPS) estimates for shares of Pan American Silver in a research report issued to clients and investors on Tuesday, July 14th. Scotiabank analyst O. Habib now expects that the basic materials company will earn $0.62 per share for the quarter, down from their prior forecast of $0.69. 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 2026 earnings at $0.63 EPS and FY2026 earnings at $2.99 EPS.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $0.42 EPS.

A number of other brokerages also recently issued reports on PAAS. Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and lifted their target price for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Weiss Ratings cut shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Jefferies Financial Group lowered 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. Finally, Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Price Performance

PAAS opened at $42.28 on Monday. 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 has a market capitalization of $17.64 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 3.89 and a beta of 0.72. The stock’s 50 day moving average price is $49.41 and its 200-day moving average price is $54.38. Pan American Silver has a 52-week low of $26.76 and a 52-week high of $69.99.

Pan American Silver Announces Dividend

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

Hedge Funds Weigh In On Pan American Silver

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Pan American Silver by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after buying an additional 274,168 shares during the last quarter. Ninety One UK Ltd raised its position in Pan American Silver by 3.2% in the 4th quarter. Ninety One UK Ltd now owns 2,225,237 shares of the basic materials company’s stock worth $115,290,000 after buying an additional 69,985 shares during the last quarter. Elevatus Welath Management bought a new position in Pan American Silver during the 4th quarter valued at about $3,371,000. Swiss Life Asset Management Ltd lifted its stake in Pan American Silver by 46.9% during the 4th quarter. Swiss Life Asset Management Ltd now owns 58,827 shares of the basic materials company’s stock valued at $3,051,000 after acquiring an additional 18,791 shares during the period. Finally, MH & Associates Securities Management Corp ADV purchased a new stake in shares of Pan American Silver during the 4th quarter valued at about $4,820,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

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.