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Is Pan American Silver Corp. (NASDAQ: PAAS) Stock Set To Rise More?

In the last trading session, 1.79 million Pan American Silver Corp. (NASDAQ:PAAS) shares changed hands as the company’s beta touched 1.15. With the company’s…

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This article was originally published by The Marketing Sentinal

In the last trading session, 1.79 million Pan American Silver Corp. (NASDAQ:PAAS) shares changed hands as the company’s beta touched 1.15. With the company’s per share price at $15.77 changed hands at -$0.23 or -1.44% during last session, the market valuation stood at $3.23B. PAAS’s last price was a discount, traded about -93.47% off its 52-week high of $30.51. The share price had its 52-week low at $13.40, which suggests the last value was 15.03% up since then. When we look at Pan American Silver Corp.’s average trading volume, we note the 10-day average is 4.75 million shares, with the 3-month average coming to 3.70 million.

Analysts gave the Pan American Silver Corp. (PAAS) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended PAAS as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Pan American Silver Corp.’s EPS for the current quarter is expected to be $0.38.

Pan American Silver Corp. (NASDAQ:PAAS) trade information

Instantly PAAS was in red as seen at the end of in last trading. With action 9.29%, the performance over the past five days has been green. The drop to weekly highs of 16.07 on Friday, 11/25/22 subtracted -1.44% to the stock’s daily price. The company’s shares are showing year-to-date downside of -36.70%, with the 5-day performance at 9.29% in the green. However, in the 30-day time frame, Pan American Silver Corp. (NASDAQ:PAAS) is -4.77% down. Looking at the short shares, we see there were 7.18 million shares sold at short interest cover period of 2.81 days.

The consensus price target for the stock as assigned by Wall Street analysts is $21.68, meaning bulls need an upside of 27.26% from its current market value. According to analyst projections, PAAS’s forecast low is $18.00 with $26.00 as the target high. To hit the forecast high, the stock’s price needs a -64.87% plunge from its current level, while the stock would need to soar -14.14% for it to hit the projected low.

Pan American Silver Corp. (PAAS) estimates and forecasts

Data shows that the Pan American Silver Corp. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -30.30% over the past 6 months, a -92.21% in annual growth rate that is considerably lower than the industry average of -21.30%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2022 revenue estimates. The rating firms predict current quarter revenue for Pan American Silver Corp. will rise 11.80%, while the growth in revenue is estimated to hit -24.60% for the next quarter. Year-over-year growth is forecast to reach 29.40% up from the last financial year.

Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $475.97 million. 4 analysts are of the opinion that Pan American Silver Corp.’s revenue for the quarter ending Dec 2021 will be $491.63 million. The company’s revenue for the corresponding quarters a year ago was $392.94 million and $430.46 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 21.10%. The estimates for the next quarter sales put growth at 14.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -6.70%. The 2022 estimates are for Pan American Silver Corp. earnings to decrease by -45.30%, but the outlook for the next 5-year period is at 4.60% per year.

PAAS Dividends

Pan American Silver Corp. is expected to release its next quarterly earnings report between February 21 and February 27. The 2.54% annual yield figure for the share gives it an annual dividend of 0.40. It is important to note, however, that the 2.54% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Pan American Silver Corp. (NASDAQ:PAAS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.12% of Pan American Silver Corp. shares while 55.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 55.35%. There are 55.28% institutions holding the Pan American Silver Corp. stock share, with Van Eck Associates Corporation the top institutional holder. As of Jun 29, 2022, the company held 10.63% of the shares, roughly 22.37 million PAAS shares worth $440.08 million.

Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 3.23% or 6.8 million shares worth $133.82 million as of Jun 29, 2022.

Among Mutual Funds, the top two as of Sep 29, 2022 were VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. With 10.8 million shares estimated at $171.53 million under it, the former controlled 5.13% of total outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held about 4.18% of the shares, roughly 8.79 million shares worth around $139.65 million.

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