Growth Story Still Intact For Pan American Silver Corp (PAAS)

Pan American Silver Corp (PAAS) concluded trading on Thursday at a closing price of $21.41, with 4.18 million shares of worth about $89.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 56.05% during that period and on July 25, 2024 the price saw a loss of about -5.72%. Currently the company’s common shares owned by public are about 364.66M shares, out of which, 362.27M shares are available for trading.

Stock saw a price change of -6.67% in past 5 days and over the past one month there was a price change of 8.24%. Year-to-date (YTD), PAAS shares are showing a performance of 31.11% which increased to 31.51% 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 $24.27 during that period. The average intraday trading volume for Pan American Silver Corp shares is 4.34 million. The stock is currently trading -2.79% below its 20-day simple moving average (SMA20), while that difference is up 0.47% for SMA50 and it goes to 27.77% higher than SMA200.

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Pan American Silver Corp (NYSE: PAAS) currently have 364.66M outstanding shares and institutions hold larger chunk of about 57.89% of that.

The stock has a current market capitalization of $7.77B and its 3Y-monthly beta is at 1.29. It has posted earnings per share of -$0.41 in the same period. It has Quick Ratio of 0.92 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 3.27% while standing at 3.20% over the month.

Stock’s fiscal year EPS is expected to rise by 463.12% while it is estimated to increase by 101.52% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on February 29, 2024 offering a Hold rating for the stock and assigned a target price of $14 to it. On January 11, 2023, RBC Capital Mkts Upgrade their recommendations, while on May 12, 2022, Canaccord Genuity Upgrade their ratings for the stock with a price target of $30. Stock get a Hold rating from Canaccord Genuity on February 25, 2022.

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