Pan American Silver Corp (PAAS): A Technical Analysis

PAAS has 36-month beta value of 1.30. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”

The public float for PAAS is 362.27M, and currently, short sellers hold a 3.08% ratio of that float. The average trading volume of PAAS on July 22, 2024 was 4.40M shares.

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PAAS) stock’s latest price update

Pan American Silver Corp (NYSE: PAAS) has experienced a decline in its stock price by -0.31 compared to its previous closing price of 22.52. However, the company has seen a fall of -3.27% in its stock price over the last five trading days. zacks.com reported 2024-07-19 that Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

PAAS’s Market Performance

PAAS’s stock has fallen by -3.27% in the past week, with a monthly rise of 8.45% and a quarterly rise of 17.72%. The volatility ratio for the week is 4.03% while the volatility levels for the last 30 days are 3.19% for Pan American Silver Corp The simple moving average for the past 20 days is 3.85% for PAAS’s stock, with a 35.08% simple moving average for the past 200 days.

Analysts’ Opinion of PAAS

Many brokerage firms have already submitted their reports for PAAS stocks, with Jefferies repeating the rating for PAAS by listing it as a “Hold.” The predicted price for PAAS in the upcoming period, according to Jefferies is $14 based on the research report published on February 29, 2024 of the current year 2024.

RBC Capital Mkts gave a rating of “Outperform” to PAAS, setting the target price at $22 in the report published on January 11th of the previous year.

PAAS Trading at 6.23% from the 50-Day Moving Average

After a stumble in the market that brought PAAS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.50% of loss for the given period.

Volatility was left at 3.19%, however, over the last 30 days, the volatility rate increased by 4.03%, as shares surge +9.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.73% upper at present.

During the last 5 trading sessions, PAAS fell by -3.90%, which changed the moving average for the period of 200-days by +62.34% in comparison to the 20-day moving average, which settled at $21.72. In addition, Pan American Silver Corp saw 37.48% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for PAAS

Current profitability levels for the company are sitting at:

  • 0.02 for the present operating margin
  • 0.11 for the gross margin

The net margin for Pan American Silver Corp stands at -0.06. The total capital return value is set at 0.01. Equity return is now at value -3.12, with -1.87 for asset returns.

Based on Pan American Silver Corp (PAAS), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 0.75.

Currently, EBITDA for the company is 561.1 million with net debt to EBITDA at 0.84. When we switch over and look at the enterprise to sales, we see a ratio of 3.45. The receivables turnover for the company is 12.06for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.11.

Conclusion

To put it simply, Pan American Silver Corp (PAAS) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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