Pan American Silver Corp [PAAS] stock is trading at $13.20, down -1.35%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PAAS shares have gain 5.68% over the last week, with a monthly amount drifted -3.30%, and not seem to be holding up well over a long-time horizon.
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On 4, March 2024, Pan American Silver Announces Normal Course Issuer Bid. In a post published today on Yahoo Finance, Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) today announced that the Toronto Stock Exchange (the “TSX”) has accepted the Company’s notice of its intention to make a normal course issuer bid (the “Bid”) to purchase up to 18,232,990 of its common shares, representing up to 5% of Pan American’s issued and outstanding shares as at February 29, 2024. Purchases pursuant to the Bid will be made on the open market through the facilities of the TSX and the New York Stock Exchange (“NYSE”) and alternative trading systems in Canada and the United States. The period of the Bid will begin on March 6, 2024 and will continue until March 5, 2025 or an earlier date should the Company complete its purchases.
From an analyst’s perspective:
Pan American Silver Corp [NYSE: PAAS] stock has seen the most recent analyst activity on February 29, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $14. On January 11, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $22 on the stock. Canaccord Genuity upgraded its rating to a Buy but stick to its price target of $30 on May 12, 2022. Canaccord Genuity downgraded its rating to a Hold. In a note dated May 17, 2021, National Bank Financial upgraded an Outperform rating on this stock.
Pan American Silver Corp [PAAS] stock has fluctuated between $12.16 and $19.84 over the past year. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Pan American Silver Corp [NYSE: PAAS] shares were valued at $13.20 at the most recent close of the market. An investor can expect a potential return of 66.67% based on the average PAAS price forecast.
Analyzing the PAAS fundamentals
Pan American Silver Corp [NYSE:PAAS] reported sales of 2.32B for the trailing twelve months, which represents a growth of 78.34%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.05 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.04 points at the first support level, and at 12.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.48, and for the 2nd resistance point, it is at 13.77.
Pan American Silver Corp [PAAS] reported earnings per share of -$0.04 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.1/share, meaning a difference of -$0.14 and a surprise factor of -140.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.01 per share as compared to estimates of $0.08 per share, a difference of -$0.07 representing a surprise of -87.50%.
Ratios To Look Out For
For context, Pan American Silver Corp’s Current Ratio is 2.23. Further, the Quick Ratio stands at 1.09, while the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 2.08, the price to book ratio is 1.01.
