Pan American Silver Corp (NYSE:PAAS) shares, rose in value, with the stock price up by 6.80% to the previous day’s close as strong demand from buyers drove the stock to $26.24.
Actively observing the price movement in the recent trading, the stock is buoying the session at $24.57. The PE ratio was 85.36 over 12-month period. Referring to stock’s 52-week performance, its high was $28.60, and the low was $17.86. On the whole, PAAS has fluctuated by 20.81% over the past month.
With the market capitalization of Pan American Silver Corp currently standing at about $9.50 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 1.52%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.09B, with a low estimate of 704M and a high estimate of 704M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 704M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PAAS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.77, with the price of PAAS currently trading nearly 2.04% and 4.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.61, while the 7-day volatility ratio is showing 3.84% which for the 30-day chart, stands at 4.21%. Furthermore, Pan American Silver Corp (PAAS)’s beta value is 0.65, and its average true range (ATR) is 1.18.
A comparison of Pan American Silver Corp (PAAS) with its peers suggests the former has fared considerably weaker in the market. PAAS showed an intraday change of 6.80% in today’s session so far, and over the past year, it grew by 39.06%%.
Data on historical trading for Pan American Silver Corp (NYSE:PAAS) indicates that the trading volumes over the past 3 months, they’ve averaged 3.99 million. According to company’s latest data on outstanding shares, there are 363.04 million shares outstanding.
Nearly 0.17% of Pan American Silver Corp’s shares belong to company insiders and institutional investors own 55.44% of the company’s shares. The stock has risen by 29.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PAAS stock heading into the next quarter.
