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Pan American Silver Corp (PAAS) Is Down -6.61% in 2024 With Lots of Room to Run

Pan American Silver Corp (NYSE: PAAS) is -6.61% lower on its value in year-to-date trading and has touched a low of $12.16 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 $15.08 in the last trading session, with the day’s gains setting it 0.17%.

Currently trading at $15.25, the stock is 9.18% and 12.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.4 million and changing 1.13% at the moment leaves the stock 3.01% off its SMA200. PAAS registered -16.85% loss for a year compared to 6-month loss of 6.05%. The firm has a 50-day simple moving average (SMA 50) of $2.57 and a 200-day simple moving average (SMA200) of $12.46.

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The stock witnessed a 22.88% gain in the last 1 month and extending the period to 3 months gives it a -7.80%, and is 10.19% 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 3.28% over the week and 3.55% over the month.

Fwd P/E is 22.81. Profit margin for the company is -4.48%. Distance from 52-week low is 25.41% and -23.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.88%).

Pan American Silver Corp quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $552.08M over the same period.The EPS is expected to grow by 175.17% this year, but quarterly earnings will post 9.40% year-over-year. Quarterly sales are estimated to grow 62.40% in year-over-year returns.

Pan American Silver Corp (PAAS) Top Institutional Holders

581 institutions hold shares in Pan American Silver Corp (PAAS), with institutional investors hold 62.12% of the company’s shares. The shares outstanding are 364.66M, and float is at 363.83M with Short Float at 4.24%. Institutions hold 62.07% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 38.19 million shares valued at $556.84 million. The investor’s holdings represent 10.48% of the PAAS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 12.7 million shares valued at $185.24 million to account for 3.49% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.6 million shares representing 2.91% and valued at over $154.56 million, while FIL LTD holds 2.65% of the shares totaling 9.67 million with a market value of $140.98 million.

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