While Pan American Silver Corp has overperformed by 4.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PAAS rose by 94.36%, with highs and lows ranging from $26.05 to $12.19, whereas the simple moving average jumped by 17.57% in the last 200 days.
On February 29, 2024, Jefferies started tracking Pan American Silver Corp (NYSE: PAAS) recommending Hold. RBC Capital Mkts also Upgraded PAAS shares as ‘Outperform’, setting a target price of $22 on the company’s shares in a report dated January 11, 2023. Canaccord Genuity February 25, 2022d its ‘Buy’ rating to ‘Hold’ for PAAS, as published in its report on February 25, 2022. RBC Capital Mkts’s report from June 02, 2021 suggests a price prediction of $36 for PAAS shares, giving the stock a ‘Sector Perform’ rating. National Bank Financial also rated the stock as ‘Outperform’.
Analysis of Pan American Silver Corp (PAAS)
A return on investment can be expected regardless of PAAS’s performance over the next quarter with the dividend set at $0.40 per share. Further, the quarter-over-quarter increase in sales is 21.73%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Pan American Silver Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 2.36% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.62, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PAAS is recording an average volume of 2.87M. On a monthly basis, the volatility of the stock is set at 3.19%, whereas on a weekly basis, it is put at 3.43%, with a gain of 0.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.13, showing growth from the present price of $25.50, which can serve as yet another indication of whether PAAS is worth investing in or should be passed over.
How Do You Analyze Pan American Silver Corp Shares?
A leading company in the Gold sector, Pan American Silver Corp (PAAS) is based in the Canada. When comparing Pan American Silver Corp shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 82.95, there is a growth in quarterly earnings of 309.92%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.32%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 55.51% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PAAS shares are owned by institutional investors to the tune of 55.51% at present.
