Q2 EPS Estimates for PAAS Lowered by National Bank Financial

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) – Equities researchers at National Bank Financial cut their Q2 2026 earnings per share (EPS) estimates for shares of Pan American Silver in a report issued on Monday, July 13th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings of $0.89 per share for the quarter, down from their previous forecast of $1.33. The consensus estimate for Pan American Silver’s current full-year earnings is $4.31 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 equities analysts also recently issued reports on the stock. 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. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Tuesday. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. Bank of America cut 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

Pan American Silver Trading Down 3.6%

PAAS stock opened at $41.98 on Friday. Pan American Silver has a 1-year low of $26.76 and a 1-year high of $69.99. The firm has a market cap of $17.51 billion, a P/E ratio of 13.50, a P/E/G ratio of 3.78 and a beta of 0.72. The business’s 50 day moving average is $50.16 and its 200-day moving average is $54.53. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company earned $0.42 EPS. The company’s quarterly revenue was up 49.3% on a year-over-year basis.

Institutional Investors Weigh In On Pan American Silver

Institutional investors have recently made changes to their positions in the stock. Steadtrust LLC increased its stake in shares of Pan American Silver by 1.8% in the 2nd quarter. Steadtrust LLC now owns 133,150 shares of the basic materials company’s stock valued at $5,964,000 after acquiring an additional 2,300 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its stake in Pan American Silver by 339.4% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 13,785 shares of the basic materials company’s stock valued at $618,000 after purchasing an additional 10,648 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Pan American Silver by 2,085.8% in the second quarter. Assenagon Asset Management S.A. now owns 256,742 shares of the basic materials company’s stock valued at $11,500,000 after purchasing an additional 244,996 shares in the last quarter. VectorGlobal IAG Inc. bought a new stake in Pan American Silver in the first quarter valued at approximately $658,000. Finally, Western Wealth Management LLC acquired a new stake in Pan American Silver in the first quarter worth $118,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Dividend Announcement

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

Key Headlines Impacting Pan American Silver

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

• Positive Sentiment: Scotiabank raised several longer-term earnings forecasts for Pan American Silver, including FY2028, FY2029, and FY2030, and maintained an Outperform rating, which signals confidence in the company’s future earnings power. Pan American Silver stock page
• Positive Sentiment: Scotiabank also nudged higher its estimates for several specific future quarters, including Q4 2026, Q3 2027, Q1 2028, Q2 2028, suggesting improving expectations for earnings growth over time. Pan American Silver stock page
• Neutral Sentiment: These analyst changes still leave the company near a consensus full-year earnings estimate of $4.31 per share, so the market may view the revisions as incremental rather than transformative. Pan American Silver stock page
• Negative Sentiment: National Bank Financial cut earnings estimates for several periods, including FY2026, FY2027, and multiple 2027 quarters, which can weigh on sentiment by implying lower near-term profitability than previously expected. Pan American Silver stock page
• Negative Sentiment: The sharper reductions from National Bank Financial were especially notable for Q2 2027 and Q4 2027, reinforcing concerns that earnings momentum may be weaker in the nearer-term outlook. Pan American Silver stock page

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.