Pan American Silver Corp. (NASDAQ: PAAS) is -4.43% lower on its value in year-to-date trading and has touched a low of $20.35 and a high of $40.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PAAS stock was last observed hovering at around $32.60 in the last trading session, with the day’s gains setting it 0.38% off its average median price target of $43.00 for the next 12 months. It is also 31.29% off the consensus price target high of $48.00 offered by 9 analysts, but current levels are 16.51% higher than the price target low of $39.50 for the same period.
Currently trading at $32.98, the stock is 0.67% and 1.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.71 million and changing 1.15% at the moment leaves the stock -0.47% off its SMA200. PAAS registered 49.30% gain for a year compared to 6-month loss of 0.76%. The firm has a 50-day simple moving average (SMA 50) of $32.47 and a 200-day simple moving average (SMA200) of $32.45.
The stock witnessed a 8.70% gain in the last 1 month and extending the period to 3 months gives it a 17.28%, and is -5.07% down 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 2.87% over the week and 3.21% over the month.
Pan American Silver Corp. (PAAS) has around 6850 employees, a market worth around $6.95B and $1.34B in sales. Current P/E ratio is 39.03 and Fwd P/E is 11.88. Profit margin for the company is 13.30%. Distance from 52-week low is 62.06% and -17.78% 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 “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 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 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.43 with sales reaching $442.52M over the same period.The EPS is expected to grow by 54.00% this year, but quarterly earnings will post 38.90% year-over-year. Quarterly sales are estimated to grow 23.50% in year-over-year returns.
Pan American Silver Corp. (PAAS) Top Institutional Holders
508 institutions hold shares in Pan American Silver Corp. (PAAS), with 231.29k shares held by insiders accounting for 0.11% while institutional investors hold 54.82% of the company’s shares. The shares outstanding are 210.19M, and float is at 206.97M with Short Float at 1.21%. Institutions hold 54.76% of the Float.
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 Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 5.96 million shares valued at $205.74 million to account for 2.84% 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 Mirae Asset Global Investments Co., Ltd. holds 1.83% of the shares totaling 3.84 million with a market value of $132.51 million.
Pan American Silver Corp. (PAAS): Who are the competitors?
The company’s main competitors (and peers) include Alexco Resource Corp. (AXU) that is trading 77.64% up over the past 12 months. Coeur Mining Inc. (CDE) is 137.28% up on the 1-year trading charts. Short interest in the company’s stock has risen 14.09% from the last report on Apr 14, 2021 to stand at a total of 2.5 million short shares sold with a short interest ratio of 1.19.