Pan American Silver Corp [NYSE: PAAS] loss -1.26% or -0.28 points to close at $22.01 with a heavy trading volume of 2881402 shares.
The daily chart for PAAS points out that the company has recorded 16.46% gains over the past six months.
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If we look at the average trading volume of 3.36M shares, PAAS reached to a volume of 2881402 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Pan American Silver Corp [PAAS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PAAS shares is $27.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PAAS stock is a recommendation set at 1.25. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Pan American Silver Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 29, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Outperform. The new note on the price target was released on December 11, 2023, representing the official price target for Pan American Silver Corp stock. Previously, the target price had yet another raise from $19 to $22, while RBC Capital Mkts kept a Outperform rating on PAAS stock.
The Average True Range (ATR) for Pan American Silver Corp is set at 0.79, with the Price to Sales ratio for PAAS stock in the period of the last 12 months amounting to 3.10. The Price to Book ratio for the last quarter was 1.73, with the Price to Cash per share for the same quarter was set at 1.02. Price to Free Cash Flow for PAAS in the course of the last twelve months was 69.92 with Quick ratio for the last quarter at 0.92.
Trading performance analysis for PAAS stock
Pan American Silver Corp [PAAS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.72. With this latest performance, PAAS shares gained by 5.36% in over the last four-week period, additionally plugging by 16.46% over the last 6 months – not to mention a rise of 48.12% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PAAS stock in for the last two-week period is set at 55.81, with the RSI for the last a single of trading hit 56.30, and the three-weeks RSI is set at 54.80 for Pan American Silver Corp [PAAS]. The present Moving Average for the last 50 days of trading for this stock 20.74, while it was recorded at 22.21 for the last single week of trading, and 18.46 for the last 200 days.
Pan American Silver Corp [PAAS]: A deeper dive into fundamental analysis
Pan American Silver Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.92 and a Current Ratio set at 2.06.
Pan American Silver Corp [PAAS]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PAAS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pan American Silver Corp go to 9.56%.
An analysis of Institutional ownership at Pan American Silver Corp [PAAS]
There are presently around $61.84%, or 61.88%% of PAAS stock, in the hands of institutional investors. The top three institutional holders of PAAS stocks are: VAN ECK ASSOCIATES CORP with ownership of 37.18 million shares, which is approximately 10.2019%. VANGUARD GROUP INC, holding 13.58 million shares of the stock with an approximate value of $$269.96 million in PAAS stocks shares; and VANGUARD GROUP INC, currently with $$240.96 million in PAAS stock with ownership which is approximately 3.3262%.
