Pan American Silver Corp [NYSE: PAAS] plunged by -$0.2 during the normal trading session on while it closed the day at $22.54.
Pan American Silver Corp stock has also loss -9.66% of its value over the past 7 days. However, PAAS stock has inclined by 15.89% in the 3 months of the year. Over the past six months meanwhile, it has gained 19.26% and gained 38.03% year-on date.
The market cap for PAAS stock reached $11.37 billion, with 364.66 million shares outstanding and 362.33 million shares in the current float. Compared to the average trading volume of 3.48M shares, PAAS reached a trading volume of 4374172 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $28.43 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 0.89, with the Price to Sales ratio for PAAS stock in the period of the last 12 months amounting to 4.42. The Price to Book ratio for the last quarter was 1.77, with the Price to Cash per share for the same quarter was set at 0.73. Price to Free Cash Flow for PAAS in the course of the last twelve months was 99.51 with Quick ratio for the last quarter at 0.92.
PAAS stock trade performance evaluation
Pan American Silver Corp [PAAS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.66. With this latest performance, PAAS shares gained by 6.22% in over the last four-week period, additionally plugging by 19.26% over the last 6 months – not to mention a rise of 46.94% 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 45.76, with the RSI for the last a single of trading hit 38.28, and the three-weeks RSI is set at 49.24 for Pan American Silver Corp [PAAS]. The present Moving Average for the last 50 days of trading for this stock 21.81, while it was recorded at 23.20 for the last single week of trading, and 19.12 for the last 200 days.
Pan American Silver Corp [PAAS]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for Pan American Silver Corp [PAAS] stock
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%.
Pan American Silver Corp [PAAS]: Institutional Ownership
There are presently around $62.69%, or 62.73%% 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%.
