Pan American Silver Corp (PAAS) Outlook Starting To Look Brighter?

Pan American Silver Corp (PAAS) concluded trading on Thursady at a closing price of $12.63, with 3.76 million shares of worth about $47.51 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.20% during that period and on Thursady the price saw a loss of about -2.32%. Currently the company’s common shares owned by public are about 364.66M shares, out of which, 363.64M shares are available for trading.

However, the stock later moved at a day high price of 12.96, or with a loss of -2.32%. Stock saw a price change of 1.85% in past 5 days and over the past one month there was a price change of -9.79%. Year-to-date (YTD), PAAS shares are showing a performance of -22.66% which decreased to -19.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.16 but also hit the highest price of $19.84 during that period. The average intraday trading volume for Pan American Silver Corp shares is 3.20 million. The stock is currently trading -4.94% below its 20-day simple moving average (SMA20), while that difference is down -12.92% for SMA50 and it goes to -16.43% lower than SMA200.

Pan American Silver Corp (NYSE: PAAS) currently have 364.66M outstanding shares and institutions hold larger chunk of about 58.01% of that.

The stock has a current market capitalization of $4.60B and its 3Y-monthly beta is at 1.44. It has posted earnings per share of -$0.25 in the same period. It has Quick Ratio of 1.09 while making debt-to-equity ratio of 0.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PAAS, volatility over the week remained 3.08% while standing at 2.85% over the month.

Analysts are in expectations that Pan American Silver Corp (PAAS) stock would likely to be making an EPS of $0.1 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is $0.24 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.05 which is $0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 96.69% while it is estimated to increase by 176.99% in next year.

Coverage by RBC Capital Mkts stated Pan American Silver Corp (PAAS) stock as an Outperform in their note to investors on January 11, 2023, suggesting a price target of $22 for the stock. Stock get a Sector perform rating from RBC Capital Mkts on June 02, 2021.

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