503 institutions hold shares in Pan American Silver Corp. (PAAS), with 3.2M shares held by insiders accounting for 1.52% while institutional investors hold 55.80% of the company’s shares. The shares outstanding are 210.19M, and float is at 206.97M with Short Float at 1.82%. Institutions hold 54.95% of the Float.
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The top institutional shareholder in the company is Van Eck Associates Corporation with over 24.34 million shares valued at $840.04 million. The investor’s holdings represent 11.58% of the PAAS Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 6.01 million shares valued at $193.07 million to account for 2.86% of the shares outstanding. The other top investors are Blackrock Inc. which holds 5.78 million shares representing 2.75% and valued at over $199.35 million, while Slate Path Capital, LP holds 1.98% of the shares totaling 4.16 million with a market value of $133.74 million.
Pan American Silver Corp. (NASDAQ: PAAS) is 0.43% higher on its value in year-to-date trading and has touched a low of $10.61 and a high of $40.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PAAS stock was last observed hovering at around $32.49 in the last trading session, with the day’s gains setting it 2.17% off its average median price target of $42.23 for the next 12 months. It is also 24.65% off the consensus price target high of $46.00 offered by 10 analysts, but current levels are -33.31% lower than the price target low of $26.00 for the same period.
Currently trading at $34.66, the stock is 8.37% and 6.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.51 million and changing 6.68% at the moment leaves the stock 8.75% off its SMA200. PAAS registered 37.43% gain for a year compared to 6-month loss of 0.93%. The firm has a 50-day simple moving average (SMA 50) of $32.72 and a 200-day simple moving average (SMA200) of $32.91.
The stock witnessed a 12.42% gain in the last 1 month and extending the period to 3 months gives it a 12.17%, and is 3.99% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.93% over the week and 4.71% over the month.
Pan American Silver Corp. (PAAS) has around 6850 employees, a market worth around $7.18B and $1.34B in sales. Current P/E ratio is 41.02 and Fwd P/E is 14.53. Profit margin for the company is 13.30%. Distance from 52-week low is 226.67% and -13.59% from its 52-week high. The company has generated returns on investments over the last 12 months (5.10%).
Pan American Silver Corp. (PAAS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Pan American Silver Corp. (PAAS) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.10, where 3 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Pan American Silver Corp. is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.51 with sales reaching $459.79M over the same period.The EPS is expected to grow by 54.00% this year, but quarterly earnings will post 42.00% year-over-year. Quarterly sales are estimated to grow 28.30% in year-over-year returns.
Pan American Silver Corp. (PAAS): Who are the competitors?
The company’s main competitors (and peers) include Alexco Resource Corp. (AXU) that is trading 34.25% up over the past 12 months. Coeur Mining Inc. (CDE) is 82.79% up on the 1-year trading charts. Short interest in the company’s stock has risen 25.53% from the last report on Dec 30, 2020 to stand at a total of 2.8 million short shares sold with a short interest ratio of 1.02.