Pan American Silver Corp (NYSE: PAAS)’s stock price has dropped by -2.70 in relation to previous closing price of 21.45. Nevertheless, the company has seen a loss of -0.33% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-30 that Pan American Silver is one of the largest silver miners in the world and its shares have appreciated over 30% YTD. Despite Q2 production challenges, revenue increased by 7.3% due to higher metal prices, setting up a strong second half of 2024. The company’s diversified portfolio and solid balance sheet, combined with potential catalysts like the Escobal mine reopening, support a positive outlook.
Is It Worth Investing in Pan American Silver Corp (NYSE: PAAS) Right Now?
Additionally, the 36-month beta value for PAAS is 1.35. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PAAS is 362.33M and currently, short sellers hold a 2.39% ratio of that float. The average trading volume of PAAS on October 01, 2024 was 3.55M shares.
PAAS’s Market Performance
The stock of Pan American Silver Corp (PAAS) has seen a -0.33% decrease in the past week, with a 1.95% rise in the past month, and a 6.43% gain in the past quarter. The volatility ratio for the week is 4.07%, and the volatility levels for the past 30 days are at 3.63% for PAAS. The simple moving average for the past 20 days is 2.12% for PAAS’s stock, with a 15.31% 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 0.42% 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 -14.01% of loss for the given period.
Volatility was left at 3.63%, however, over the last 30 days, the volatility rate increased by 4.07%, as shares surge +3.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.33% lower at present.
During the last 5 trading sessions, PAAS fell by -0.33%, which changed the moving average for the period of 200-days by +45.54% in comparison to the 20-day moving average, which settled at $20.47. In addition, Pan American Silver Corp saw 27.80% 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 2.67.
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 3.13. 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
In conclusion, Pan American Silver Corp (PAAS) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
