Pan American Silver Corp (PAAS) stock hits $56.11: Is it a good time to buy or wait for a dip?

Nora Barnes

Pan American Silver Corp [PAAS] stock prices are up 0.32% to $56.11 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PAAS shares have gain 5.17% over the last week, with a monthly amount glided 12.83%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Previously, Jefferies started tracking the stock with Hold rating on February 29, 2024, and set its price target to $14. RBC Capital Mkts upgraded its rating to an Outtperform and increased its price target to $22 on January 11, 2023. Canaccord Genuity upgraded its rating to a Buy but $30 remained the price target by the analyst firm on May 12, 2022. Canaccord Genuity downgraded its rating to Hold for this stock on February 25, 2022.

The stock price of Pan American Silver Corp [PAAS] has been fluctuating between $20.55 and $57.19 over the past year. Currently, Wall Street analysts expect the stock to reach $53 within the next 12 months. Pan American Silver Corp [NYSE: PAAS] shares were valued at $56.11 at the most recent close of the market. An investor can expect a potential drop of -5.54% based on the average PAAS price forecast.

Analyzing the PAAS fundamentals

The Pan American Silver Corp [NYSE:PAAS] reported sales of 3.25B for trailing twelve months, representing a surge of 19.34%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.

Ratios To Look Out For

It’s worth pointing out that Pan American Silver Corp [NYSE:PAAS]’s Current Ratio is 2.31. Also, the Quick Ratio is 1.55, while the Cash Ratio stands at 1.14. Considering the valuation of this stock, the price to sales ratio is 7.28, the price to book ratio is 3.58 and price to earnings (TTM) ratio is 32.44.

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