In the last trading session, 4.4 million shares of the Pan American Silver Corp (NYSE:PAAS) were traded, and its beta was 1.44. Most recently the company’s share price was $15.25, and it changed around $0.17 or 1.13% from the last close, which brings the market valuation of the company to $5.56B. PAAS currently trades at a discount to its 52-week high of $19.84, offering almost -30.1% off that amount. The share price’s 52-week low was $12.16, which indicates that the current value has risen by an impressive 20.26% since then. We note from Pan American Silver Corp’s average daily trading volume that its 10-day average is 3.57 million shares, with the 3-month average coming to 3.52 million.
Pan American Silver Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.22. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 4 recommended PAAS as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Pan American Silver Corp is expected to report earnings per share of -$0.05 for the current quarter.
Pan American Silver Corp (NYSE:PAAS) trade information
Instantly PAAS has showed a green trend with a performance of 1.13% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -6.61% year-to-date, but still up 10.19% over the last five days. On the other hand, Pan American Silver Corp (NYSE:PAAS) is 22.88% up in the 30-day period. We can see from the shorts that 15.42 million shares have been sold at a short interest cover period of 4.23 day(s).
The consensus price target as assigned by Wall Street analysts is $22, which translates to bulls needing to increase their stock price by 30.68% from its current value. Analyst projections state that PAAS is forecast to be at a low of $22 and a high of $22.
Pan American Silver Corp (PAAS) estimates and forecasts
Pan American Silver Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 6.05 percent over the past six months and at a 166.67% annual growth rate that is well above the industry average of 16.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -150.00% in revenue this quarter, and will report a decrease of -75.00% in the next quarter. The year-over-year growth rate is expected to be 9.40%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $552.08 million in revenue for the current quarter. 1 analysts expect Pan American Silver Corp to make $598.42 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $339.99 million and $639.9 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 62.40%. Forecasts for the next quarter put sales growth at -6.50%.
PAAS Dividends
Pan American Silver Corp’s next quarterly earnings report is expected to be released on May 08. The annual dividend yield of the stock is 2.62 percent and its annual dividend per share was 0.40. It is important to note, however, that the 2.62% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Pan American Silver Corp (NYSE:PAAS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.07% of Pan American Silver Corp shares, and 62.07% of them are in the hands of institutional investors. The stock currently has a share float of 62.12%. Pan American Silver Corp stock is held by 581 institutions, with Van Eck Associates Corporation being the largest institutional investor. By Jun 29, 2023, it held 10.48% of the shares, which is about 38.19 million shares worth $556.84 million.
Vanguard Group Inc, with 3.49% or 12.7 million shares worth $185.24 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF were the top two Mutual Funds as of Sep 29, 2023. The former held 19.39 million shares worth $280.74 million, making up 5.32% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held roughly 17.08 million shares worth around $247.26 million, which represents about 4.69% of the total shares outstanding.
