The stock of Pan American Silver Corp (PAAS) has seen a 5.88% increase in the past week, with a -6.82% drop in the past month, and a -3.47% decrease in the past quarter. The volatility ratio for the week is 3.02%, and the volatility levels for the past 30 days are at 4.36% for PAAS. The simple moving average for the past 20 days is 0.36% for PAAS’s stock, with a 21.69% simple moving average for the past 200 days.
Is It Worth Investing in Pan American Silver Corp (NYSE: PAAS) Right Now?
The stock has a 36-month beta value of 1.36. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for PAAS is 361.86M, and at present, short sellers hold a 2.41% of that float. On August 19, 2024, the average trading volume of PAAS was 4.12M shares.
PAAS) stock’s latest price update
The stock of Pan American Silver Corp (NYSE: PAAS) has increased by 2.87 when compared to last closing price of 20.40.Despite this, the company has seen a gain of 5.88% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-14 that Pan American Silver Corp. had a mediocre quarter in Q2 with solid performances from Huaron, San Vicente, El Penon and Jacobina overshadowed by softness at La Colorada/Cerro Moro. The result was a significant spike in AISC in Q2 2024 to ~$19/oz, but record gold prices still allowed for significant free cash flow generation in Q2. Meanwhile, although Q2 2024 certainly had its challenges, H2 2024 is shaping up to be much stronger with a weaker MXN/USD, higher gold/silver prices and higher production.
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 -0.30% 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 -13.54% of loss for the given period.
Volatility was left at 4.36%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares sank -8.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.22% lower at present.
During the last 5 trading sessions, PAAS rose by +5.52%, which changed the moving average for the period of 200-days by +43.16% in comparison to the 20-day moving average, which settled at $20.81. In addition, Pan American Silver Corp saw 28.51% 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:
- 0.06 for the present operating margin
- 0.13 for the gross margin
The net margin for Pan American Silver Corp stands at -0.05. The total capital return value is set at 0.02. Equity return is now at value -2.65, with -1.58 for asset returns.
Based on Pan American Silver Corp (PAAS), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 0.67. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 2.62.
Currently, EBITDA for the company is 561.1 million with net debt to EBITDA at 0.73. When we switch over and look at the enterprise to sales, we see a ratio of 3.16. The receivables turnover for the company is 12.75for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.06.
Conclusion
To sum up, Pan American Silver Corp (PAAS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
