Pan American Silver Corp (PAAS) Is Now En Route to Higher Prices

Pan American Silver Corp (NYSE: PAAS) is -20.33% lower on its value in year-to-date trading and has touched a low of $13.06 and a high of $19.84 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 $14.19M in the last trading session, with the day’s loss setting it -1.07%.

Currently trading at $13.12, the stock is -82.64% and 81.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.15 and changing 13.01% at the moment leaves the stock Feb 21 AMC off its SMA200. PAAS registered -22.88% loss for a year compared to 6-month loss of -16.66%. The firm has a 50-day simple moving average (SMA 50) of $2.55 and a 200-day simple moving average (SMA200) of $17.40.

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The stock witnessed a -13.44% gain in the last 1 month and extending the period to 3 months gives it a -4.48%, and is -4.69% 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 2.29% over the week and 2.97% over the month.

Pan American Silver Corp (PAAS) has around Nov 17 2023 employees, a market worth around $4.74B and $2.02B in sales. Fwd P/E is 45.76. Profit margin for the company is -11.13%. Distance from 52-week low is -0.38% and -34.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.01%).

Pan American Silver Corp quarterly earnings per share for the current quarter are estimated at $0.12 with sales reaching $665.54M over the same period.The EPS is expected to grow by 144.05% this year, but quarterly earnings will post 54.80% year-over-year. Quarterly sales are estimated to grow 77.30% in year-over-year returns.

Pan American Silver Corp (PAAS) Top Institutional Holders

567 institutions hold shares in Pan American Silver Corp (PAAS), with institutional investors hold 62.14% of the company’s shares. The shares outstanding are 364.44M, and float is at 363.64M with Short Float at 3.90%. Institutions hold 62.09% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 45.83 million shares valued at $596.29 million. The investor’s holdings represent 12.57% of the PAAS Shares outstanding. As of Sep 29, 2023, the second largest holder is Vanguard Group Inc with 12.89 million shares valued at $167.68 million to account for 3.53% of the shares outstanding. The other top investors are FIL LTD which holds 11.07 million shares representing 3.04% and valued at over $144.08 million, while Blackrock Inc. holds 2.84% of the shares totaling 10.36 million with a market value of $134.81 million.

Pan American Silver Corp (PAAS): Who are the competitors?

The company’s main competitors (and peers) include Hecla Mining Co. (HL) that is trading -36.14% down over the past 12 months. Coeur Mining Inc. (CDE) that is -19.40% lower over the same period.